Nevada
|
1000
|
None
|
||
(State or Other Jurisdiction of
|
(Primary Standard Industrial
|
(IRS Employer
|
||
Incorporation or Organization)
|
Classification Number)
|
Identification Number)
|
Large accelerated filer
¨
|
Accelerated filer
¨
|
Non-accelerated filer
¨
|
Smaller reporting company
x
|
(Do not check if a smaller reporting company)
|
Title of Each Class
|
Proposed Maximum
|
Proposed Maximum
|
||||||||||||||
of Securities
|
Amount to Be
|
Offering Price
|
Aggregate
|
Amount of
|
||||||||||||
to be Registered
|
Registered
(1)
|
per Share
|
Offering Price
|
Registration Fee
|
||||||||||||
Common Stock, $0.001 per share
|
1,750,000
|
(2)
|
$
|
0.10
|
(3)
|
$
|
175,000
|
$
|
20.31
|
|||||||
TOTAL
|
1,750,000
|
$
|
-
|
$
|
175,000
|
20.31
|
Page
|
||||
Prospectus Summary
|
4 | |||
Risk Factors
|
6 | |||
Risk Factors Relating to Our Company
|
6 | |||
Risk Factors Relating to Our Common Stock
|
9 | |||
Use of Proceeds
|
11 | |||
Determination of Offering Price
|
11 | |||
Selling Security Holders
|
11 | |||
Plan of Distribution
|
13 | |||
Description of Business
|
15 | |||
Our Executive Offices
|
24 | |||
Legal Proceedings
|
25 | |||
Market for Common Equity and Related Stockholder Matters
|
25 | |||
Management’s Discussion and Analysis of Financial Condition and Results of Operations
|
26 | |||
Directors, Executive Officers, Promoters and Control Persons
|
29 | |||
Executive Compensation
|
30 | |||
Security Ownership of Certain Beneficial Owners and Management
|
31 | |||
Certain Relationships and Related Transactions
|
32 | |||
Disclosure of Commission Position on Indemnification for Securities Act Liabilities
|
32 | |||
Where You Can Find More Information
|
32 | |||
Changes In and Disagreements with Accountants on Accounting and Financial Disclosure
|
32 | |||
Financial Statements
|
F-1 |
Securities offered:
|
The selling stockholders are offering hereby up to 1,750,000 shares of common stock.
|
|
Offering price:
|
The selling stockholders will offer and sell their shares of common stock at a fixed price of $0.10 per share until our shares are quoted on the OTC Bulletin Board, if our shares of common stock are ever quoted on the OTC Bulletin Board, and thereafter at prevailing market prices or privately negotiated prices.
|
|
Shares outstanding prior to offering:
|
6,750,000
|
|
Shares outstanding after offering:
|
6,750,000
|
|
Market for the common shares:
|
There is no public market for our shares. Our common stock is not traded on any exchange or on the over-the-counter market. After the effective date of the registration statement relating to this prospectus, we hope to have a market maker file an application with the Financial Industry Regulatory Authority (“FINRA”) for our common stock to eligible for trading on the Over The Counter Bulletin Board. We do not yet have a market maker who has agreed to file such application.
There is no assurance that a trading market will develop, or, if developed, that it will be sustained. Consequently, a purchaser of our common stock may find it difficult to resell the securities offered herein should the purchaser desire to do so when eligible for public resale.
|
|
Use of proceeds:
|
We will not receive any proceeds from the sale of shares by the selling security holders
|
June 30, 2011 ($)
|
||||
Financial Summary
|
||||
Cash and Deposits
|
39,379
|
|||
Total Assets
|
45,267
|
|||
Total Liabilities
|
5,075
|
|||
Total Stockholder’s Equity
|
40,192
|
Accumulated From
September 14, 2009
|
||||
|
(Inception) to June 30, 2011 ($)
|
|||
Statement of Operations
|
||||
Total Expenses
|
$ | 38,808 | ||
Net Loss for the Period
|
38,808 | |||
Net Loss per Share
|
- |
Total
Number of
|
||||||||||||||||
Shares to be
Offered for
|
Total Shares
|
Percentage of
|
||||||||||||||
Shares
Owned
|
the
Security
|
Owned After
the
|
Shares owned
After
|
|||||||||||||
Name of
|
Before
|
Holder’s
|
Offering is
|
the Offering is
|
||||||||||||
Selling Shareholder
|
the Offering
|
Account
|
Complete
|
Complete
|
||||||||||||
Ian Cotterill
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Peter Bull
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
John Kerr
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Sam Bold
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Susan Myra
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Bev Young
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Dick Reed
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Tom Lamb
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
David River
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Chad Nichol
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Dawn Kuller
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Andrew Hick
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Tyler Costa
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Jerry Horton
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Nancy Crozier
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Ron Harris
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Chris Dunn
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Jim Elliott
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Peter Gray
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
John Date
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Doug Scott
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Norm Elliott
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Sandy Duncan
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Harvey Fox
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Ray Zennell
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
David Hensen
|
40,000
|
40,000
|
0
|
0
|
||||||||||||
Mark Tanner
|
40,000
|
40,000
|
0
|
0
|
||||||||||||
Ben Jones
|
40,000
|
40,000
|
0
|
0
|
||||||||||||
Eric Lee
|
40,000
|
40,000
|
0
|
0
|
||||||||||||
Kevin Kloster
|
40,000
|
40,000
|
0
|
0
|
||||||||||||
Tim Watts
|
40,000
|
40,000
|
0
|
0
|
||||||||||||
Ed Thomas
|
40,000
|
40,000
|
0
|
0
|
||||||||||||
Nadine Bernard
|
40,000
|
40,000
|
0
|
0
|
||||||||||||
Terry Brown
|
40,000
|
40,000
|
0
|
0
|
||||||||||||
Ken Short
|
40,000
|
40,000
|
0
|
0
|
||||||||||||
Gordon Harris
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
George Black
|
50,000
|
50,000
|
0
|
0
|
||||||||||||
Total
|
1,750,000
|
1,750,000
|
0
|
0
|
Year
|
Operator
|
Work
|
Principal Reference
|
1957
|
A. Fairservice
|
Discovery of nearby Fairservice showing, sampling and trenching
|
MNDMF Mineral Deposits Inventory (MDI)
|
1965
|
Carravelle Mines Ltd.
|
Combined VLF and magnetometer surveys
|
Domsalski, W., 1965
|
1965
|
Selco Exploration Ltd.
|
Airborne geophysical survey
|
Lazenby, P.G., 1965
|
1968
|
Ontario Department of Mines
|
Geological mapping of Black River area
|
Milne, V.G., 1968
|
1983
|
Adnaron Minerals Ltd.
|
Combined VLF and magnetometer surveys
|
Ferderber, H., 1983
|
1993
|
Noranda Minerals Inc.
|
Geologic mapping, whole rock geochemical sampling
|
Charlton, G., 1993
|
$
|
||||
Phase 1
|
7,000
|
|||
Phase 2
|
12,000
|
|||
Phase 3
|
75,000
|
|||
Total
|
94,000
|
Name
|
Age
|
Positions and Offices
|
||
Mr. Edward Hayes (1)
|
62
|
President, Chief Executive Officer, Treasurer and Director
|
||
Ms. Linda Lamb (1)
|
60
|
Secretary, Treasurer & Director
|
Non-Equity
|
||||||||||||||||||||||||||||||||||
Name and
|
Incentive
|
Nonqualified
|
||||||||||||||||||||||||||||||||
Principal
|
Stock
|
Option
|
Plan
|
Deferred
|
All Other
|
|||||||||||||||||||||||||||||
Position
|
Year
|
Salary($)
|
Bonus($)
|
Awards($)
|
Awards($)
|
Compensation($)
|
Compensation($)
|
Compensation($)
|
Total($)
|
|||||||||||||||||||||||||
Edward Hayes (1)
|
2011
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||||||||||||||||||||
2010
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||||||||||||||||||
Linda Lamb (2)
|
2011
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||||||||||||||||||||
2010
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
Fees
|
Non-Equity
|
Nonqualified
|
||||||||||||||||||||||||||
Earned
|
Incentive
|
Deferred
|
||||||||||||||||||||||||||
Paid in
|
Stock
|
Option
|
Plan
|
Compensation
|
All Other
|
|||||||||||||||||||||||
Name
|
Cash($)
|
Awards($)
|
Awards($)
|
Compensation($)
|
Earnings($)
|
Compensation($)
|
Total($)
|
|||||||||||||||||||||
Edward Hayes
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||||||||||||||||
Linda Lamb
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
Name and Address
|
Number of Shares
|
|||||||||
Title of Class
|
of Beneficial Owner
|
Owned Beneficially
|
Percent of Class Owned
|
|||||||
Common Stock:
|
Mr. Edward Hayes, President and Director
|
2,500,000
|
37
|
%
|
||||||
Director (1)
|
||||||||||
Common Stock:
|
Ms. Linda Lamb, Secretary, Treasurer and
|
2,500,000
|
37
|
%
|
||||||
Director (1)
|
||||||||||
All executive officers and directors as a group
|
5,000,000
|
74
|
%
|
CASSIDY VENTURES INC.
|
||||||||||||
(An Exploration Stage Company)
|
||||||||||||
Statements of Operations
|
||||||||||||
Inception
|
Inception
|
|||||||||||
September 14, 2009
|
September 14, 2009
|
|||||||||||
Year Ended
|
Through
|
Through
|
||||||||||
June 30, 2011
|
June 30, 2010
|
June 30, 2011
|
||||||||||
Operating Costs
|
||||||||||||
Management Fees and Rent
|
$ | 18,000 | $ | 13,500 | $ | 31,500 | ||||||
General and Administative
|
7,288 | 20 | 7,308 | |||||||||
Total Operating Costs
|
25,288 | 13,520 | 38,808 | |||||||||
Net Loss
|
$ | (25,288 | ) | $ | (13,520 | ) | $ | (38,808 | ) | |||
Basic and diluted earnings per share
|
$ | (0.00 | ) | $ | (0.00 | ) | ||||||
Weighted average number of
|
||||||||||||
common shares outstanding, basic and diluted
|
6,750,000 | 4,223,836 |
Deficit
|
||||||||||||||||||||
Common
|
Accumulated
|
|||||||||||||||||||
Common
|
Stock
|
Additional
|
During
|
|||||||||||||||||
Stock
|
Amount
|
Paid-in Capital
|
Exploration Stage
|
Total
|
||||||||||||||||
Stock issued to founders for cash
|
5,000,000 | $ | 5,000 | $ | - | $ | - | $ | 5,000 | |||||||||||
Stock issued for cash
|
1,750,000 | 1,750 | 40,750 | - | 42,500 | |||||||||||||||
Donated services
|
- | - | 13,500 | - | 13,500 | |||||||||||||||
Net loss
|
- | - | - | (13,520 | ) | (13,520 | ) | |||||||||||||
Balance, June 30, 2010
|
6,750,000 | 6,750 | 54,250 | (13,520 | ) | 47,480 | ||||||||||||||
Donated services
|
- | - | 18,000 | - | 18,000 | |||||||||||||||
Net loss
|
- | - | - | (25,288 | ) | (25,288 | ) | |||||||||||||
Balance, June 30, 2011
|
6,750,000 | $ | 6,750 | $ | 72,250 | $ | (38,808 | ) | $ | 40,192 |
June 30, 2011 | June 30, 2010 | |||||||
Federal income tax benefit attributable to: | ||||||||
Net operating loss | $ | 8,600 | $ | 4,600 | ||||
Less, change in valuation allowance | $ | (8,600 | ) | $ | (4,600 | ) | ||
Net benefit | - | - | ||||||
June 30, 2011 | June 30, 2010 | |||||||
The cumulative tax effect at the expected rate of 34% of
significant items comprising our net deferred tax amount
as follows
|
||||||||
Deferred tax attributed: | ||||||||
Net operating loss carryover | $ | 13,200 | $ | 4,600 | ||||
Less valuation allowance | (13,200 | ) | (4,600 | ) | ||||
Net Deferred Tax Asset | $ | - | $ | - |
Amount
|
||||
Item
|
(US$)
|
|||
SEC Registration Fee
|
$
|
20.31
|
||
Transfer Agent Fees
|
1,000.00
|
|||
Legal Fees
|
5,000.00
|
|||
Accounting Fees
|
5,000.00
|
|||
Printing Costs
|
500.00
|
|||
Miscellaneous
|
1,000.00
|
|||
TOTAL
|
$
|
12,520.31
|
Exhibit
|
Description
|
|
3.1 |
Articles of Incorporation of Registrant
|
|
3.2 |
Bylaws of the Registrant
|
|
5.1 |
Opinion of Law Offices of Thomas E. Puzzo, PLLC, regarding the legality of the securities being registered
|
|
23.1 |
Consent of Law Offices of Thomas E. Puzzo, PLLC (included in Exhibit 5.1)
|
|
23.2 |
Consent of LBB & Associates Ltd., LLP, Certified Public Accountants
|
|
23.3 |
Consent of Fladgate Exploration Consulting
|
(i)
|
Include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
|
(ii)
|
To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) (Sec.230.424(b) of this chapter) if, in the aggregate, the
changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement.
|
(iii)
|
To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
|
(i)
|
If the registrant is subject to Rule 430C, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of
contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.
|
|
CASSIDY VENTURES INC.
(Registrant)
|
||
By:
|
/s/ Edward Hayes
|
||
|
Name: Edward Hayes
|
||
|
Title: President
|
||
(Principal Executive Officer)
|
Signature
|
Title
|
Date
|
||
|
||||
/s/ Edward Hayes
|
|
|||
Edward Hayes
|
President and Director | September 21, 2011 | ||
/s/ Linda Lamb
|
Secretary, Treasurer and Director
|
September 21, 2011
|
||
Linda Lamb
|
Exhibit
|
Description
|
|
3.1 |
Articles of Incorporation of Registrant
|
|
3.2 |
Bylaws of the Registrant
|
|
5.1 |
Opinion of Law Offices of Thomas E. Puzzo, PLLC, regarding the legality of the securities being registered
|
|
23.1 |
Consent of Law Offices of Thomas E. Puzzo, PLLC (included in Exhibit 5.1)
|
|
23.2 |
Consent of LBB & Associates Ltd., LLP, Certified Public Accountants
|
|
23.3 |
Consent of Fladgate Exploration Consulting
|
|
|
|
ARTICLES OF INCORPORATION
(PURSUANT TO NRS 78)
|
Filed in the office of
/s/ Ross Miller
Ross Miller
Secretary of State
State of Nevada
|
Document Number
20090678861-67
|
Filing Date and Time
09/14/2009 11:06 AM
|
||
Entity Number
E0491552009-1
|
1.
|
Name of Corporation:
|
Cassidy Ventures Inc.
|
|
2.
|
Resident Agent:
|
Val-U-Corp Services, Inc.
|
|
Name and Street Address:
|
1802 North Carson Street, Suite 108
|
||
Carson City, Nevada 89701
|
|||
3.
|
Shares:
|
Number of shares with par value: 75,000,000
|
|
Par value: $.001
|
|||
Number of shares without par value:
|
|||
4.
|
Name &
|
||
Addresses of Board
|
|||
of Directors/Trustees:
|
Daniel A. Kramer
|
||
1802 North Carson St., Suite 108
|
|||
Carson City, Nevada 89701
|
|||
5.
|
Purpose:
|
Any legal purpose
|
/s/ Daniel A. Kramer
|
Date: September 11, 2009
|
|||
Authorized Signature of Registered Agent or On Behalf of Registered Agent Entity
|
a)
|
Shall have such rights, privileges and powers as may be conferred upon corporations by any existing law.
|
|
b)
|
May at any time exercise such rights, privileges and powers, when not inconsistent with the purposes and objects for which this corporation is organized.
|
|
c)
|
Shall have power to have succession by its corporate name for the period limited in its certificate or articles of incorporation, and when no period is limited, perpetually, or until dissolved and its affairs wound up according to law.
|
|
d)
|
Shall have power to sue and be sued in any court of law or equity.
|
|
e)
|
Shall have power to make contracts.
|
|
f)
|
Shall have power to hold, purchase and convey real and personal estate and to mortgage or lease any such real and personal estate with its franchises. The power to hold real and personal estate shall include the power to take the same by devise or bequest in the State of Nevada, or in any other state, territory or country.
|
|
g)
|
Shall have power to appoint such officers and agents as the affairs of the corporation shall require, and to allow them suitable compensation.
|
|
h)
|
Shall have power to make By-Laws not inconsistent with the constitution or laws of the United States, or of the State of Nevada, for the management, regulation and government of its affairs and property, the transfer of its stock, the transaction of its business, and the calling and holding of meetings of its stockholders.
|
|
i)
|
Shall have power to wind up and dissolve itself, or be wound up or dissolved.
|
|
j)
|
Shall have power to adopt and use a common seal or stamp, and alter the same at pleasure. The use of a seal or stamp by the corporation on any corporate documents is not necessary. The corporation may use a seal or stamp, if it desires, but such use or nonuse shall not in any way affect the legality of the document.
|
|
k)
|
Shall have the power to borrow money and contract debts when necessary for the transaction of its business, or for the exercise of its corporate rights, privileges or franchises, or for any other lawful purpose of its incorporation; to issue bonds, promissory notes, bills of exchange, debentures, and other obligations and evidences of indebtedness, payable at a specified time or times, or payable upon the happening of a specified event or events, whether secured by mortgage, pledge or otherwise, or unsecured, for money borrowed, or in payment for property purchased, or acquired, or for any other lawful object.
|
|
l)
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Shall have power to guarantee, purchase, hold, sell, assign, transfer, mortgage, pledge or otherwise dispose of the shares of the capital stock of, or any bonds, securities or evidences of the indebtedness created by, any other corporation or corporations of the State of Nevada, or any other state or government, and, while owners of such stock, bonds, securities or evidences of indebtedness, to exercise all rights, powers and privileges of ownership, including the right to vote, if any.
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m)
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Shall have power to purchase, hold, sell and transfer shares of its own capital stock, and use therefore its capital, capital surplus, surplus, or other property to fund.
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n)
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Shall have power to conduct business, have one or more offices, and conduct any legal activity in the State of Nevada, and in any of the several states, territories, possessions and dependencies of the United States, the District of Columbia, and any foreign countries.
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o)
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Shall have power to do all and everything necessary and proper for the accomplishment of the objects enumerated in its certificate or articles of incorporation, or any amendment thereof, or necessary or incidental to the protection and benefit of the corporation, and, in general, to carry on any lawful business necessary or incidental to the attainment of the objects of the corporation, whether or not such business is similar in nature to the objects set forth in the certificate or articles of incorporation of the corporation, or any amendments thereof.
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p)
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Shall have power to make donations for the public welfare or for charitable, scientific or educational purposes.
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q)
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Shall have power to enter into partnerships, general or limited, or joint ventures, in connection with any lawful activities, as may be allowed by law.
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a) | Subject to the By-Laws, if any, adopted by the Stockholders, to make, alter or amend the By-Laws of the corporation. | |
b)
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To fix the amount to be reserved as working capital over and above its capital stock paid in; to authorize and cause to be executed, mortgages and liens upon the real and personal property of this corporation.
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c)
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By resolution passed by a majority of the whole Board, to designate one (1) or more committees, each committee to consist of one or more of the Directors of the corporation, which, to the extent provided in the resolution, or in the By-Laws of the corporation, shall have and may exercise the powers of the Board of Directors in the management of the business and affairs of the corporation. Such committee, or committees, shall have such name, or names as may be stated in the By-Laws of the corporation, or as may be determined from time to time by resolution adopted by the Board of Directors.
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d)
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When and as authorized by the affirmative vote of the Stockholders holding stock entitling them to exercise at least a majority of the voting power given at a Stockholders meeting called for that purpose, or when authorized by the written consent of the holders of at least a majority of the voting stock issued and outstanding, the Board of Directors shall have power and authority at any meeting to sell, lease or exchange all of the property and assets of the corporation, including its good will and its corporate franchises, upon such terms and conditions as its Board of Directors deems expedient and for the best interests of the corporation.
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/s/ Daniel A. Kramer
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Daniel A. Kramer
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Incorporator
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/s/ Linda Lamb
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Re:
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Cassidy Ventures Inc., a Nevada corporation;
Registration Statement on Form S-1
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Very truly yours, | |||
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/s/ Law Offices of Thomas E. Puzzo, PLLC |
FLADGATE CONSULTING CORPORATION
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By: |
/s/ Caitlin L. Jeffs
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Caitlin L. Jeffs, P.Geo | ||