Horizon Gold / Horizon Card Services review: misrepresentation! 18

Ok now everyone seems to be going crazy with the word SCAM this card is not a scam if you would read the terms and conditions on the second page in the disclaimers in all capital letters it states:

"2. Disclaimers. HORIZON CARD SERVICES™ IS NOT A CREDIT SERVICES ORGANIZATION, BANKING INSTITUTION OR INSURANCE COMPANY, NOR IS IT AFFILIATED WITH ANY CREDIT SERVICES ORGANIZATION, BANKING OR INSURANCE INSTITUTION. THIS PRODUCT IS NOT A VISA, MASTER CARD, OR DEBIT CARD. THE HORIZON OUTLET CARD™ ACCOUNT IS A LINE OF CREDIT THAT CAN BE USED BY AN ACCOUNT HOLDER TO SHOP EXCLUSIVELY AT OUR ONLINE SHOPPING WEBSITE. THERE ARE NO DOWN PAYMENT REQUIREMENTS FOR PURCHASES AT OUR WEBSITE. HORIZON CARD SERVICES™ DOES NOT FACILITATE, NOR PROVIDE ASSISTANCE IN OBTAINING CREDIT FROM ANY OTHER CREDIT-ISSUING ENTITIES. HORIZON CARD SERVICES™ DOES NOT CHARGE AN ADVANCED FEE TO ESTABLISH CREDIT, NOR DOES HORIZON CARD SERVICES™ ATTEMPT, OR CLAIM TO ATTEMPT, TO ESTABLISH, RE-ESTABLISH OR REPAIR ANY CUSTOMER CREDIT HISTORY. THERE ARE NO ENROLLMENT FEES ASSOCIATED WITH THE ACCOUNT."

No i know for a fact that this is printed in "2" font sizes bigger then the rest of the terms and for everyone calling this a scam. How could you not read before you sign up for something if you would like to blame a company for your mistake then fine fight it and lose just like everyone else has.

Thank you for your time.

I agree with the scam guy... the fine print is just that often hard to understand and unsuspecting... The government should clamp down on words like "free" and "credit"... they misrepresented themselves because they wanted to lead us to believe it was. That's why those words about not being a visa or mc don't blare out at you at first! SIMPLE AS THAT! It is an online store purchase only card, which you cannot see the products till after you register? I AGREE WITH SCAM!

This is a total scam. They make sure they have your account number before you can even access what it is. I am going to get my money back!

I agree this is a scam. It was advertised as a Visa Card with a $500 credit limit, that accepts everyone, even people with bad credit. But then it wanted a debit card number to a different account. This is NOT normal. Then after you have been accepted, they let you know that this is NOT a credit card, and that the debit card you gave them, will be paying for the items that you are going to purchase in an online catalog! Now I have to figure out how to CANCEL the card. They give no phone number or email to do this! I'm going to have to call the other card's account to to report an online fraud, and make sure that these people don't bill me some sort of fee. They can actually get rich just on the cancellation fees! How dare they take advantage of poor souls who already have problems! They should be ashamed of themselves, but then, anyone who would DO this in the first place, have no conscience, and would feel no shame! You people will be going to hell for what you are doing to people.

I agree with the scam guy... was under the impression it was a Visa Card also. any way to cancel this. Any help would be appreciated... thank you!

I did this today about 1 hour ago. I tried to call my real credit card company and they said I would have to get this company Horizon Card Services. The phone for them is disconnected. This is who owns them and the Compas card visa:

Hallmark Bank & Trust Ltd.
PO Box 104,
Tropicana Plaza, Leeward Highway
Providenciales
Turks & Caicos...

Email: info@hallmarktrust.tc
Telephone: [protected]
Facsimile: [protected]

Hallmark Bank & Trust Ltd.
PO Box 325 Station 'A'
Etobicoke Ontario
Canada M9C 4V3

Compass Prepaid MasterCard

P.O. Box 104
Tropicana Plaza
Providenciales
Turks & Caicos Island OR P.O. Box 325, STN 'A'
Etobicoke, ON
M9C 4V3
Canada

Telephone: [protected]
Facsimile: [protected]
Email: compass@lochaven.tc

Unauthorised internet banks

http://www.fsa.gov.uk/pages/Doing/Regulated/Law/Alerts/internet.shtml

Hallmark Bank NA
Hallmark Finance & Savings Bank (at hfshuk.50megs.com)
Hallmark Trust Finance
Hallmark Trust Finance Bank

https://www.blogger.com/comment.g?blogID=6667610717823381629&postID=5549985064458382471

horizon gold card complaints"

http://www.hallmarktrust.com/faq.php

Hallmark Bank & Trust Ltd.
PO Box 104,
Tropicana Plaza, Leeward Highway
Providenciales
Turks & Caicos...

Email: info@hallmarktrust.tc
Telephone: [protected]
Facsimile: [protected]

Hallmark Bank & Trust Ltd.
PO Box 325 Station 'A'
Etobicoke Ontario
Canada M9C 4V3

Compass Prepaid MasterCard

P.O. Box 104
Tropicana Plaza
Providenciales
Turks & Caicos Island OR P.O. Box 325, STN 'A'
Etobicoke, ON
M9C 4V3
Canada

Telephone: [protected]
Facsimile: [protected]
Email: compass@lochaven.tc

Hallmark offers Standard and Gold Horizon MasterCard® credit cards at www.horizoncard.tc

Our prepaid Compass® MasterCard® card program is an ideal card for international payroll, commission, benefits and bonus delivery. Cost effective and convenient, our international payment platform offers same day credit to cardholder's account, instant cardholder access to funds loaded onto his card and Internet access to account activity and balances.

Contact Mr. Brian Trowbridge for information: btrowbridge@hallmarktrust.tc or [protected].
http://www.swannlaw.tc/
Brian F. J. Trowbridge — Partner
btrowbridge@hallmarktrust.tc
Brian F. J. Trowbridge, B.A., LLB, T.E.P. a graduate of the University of British Columbia Law School, a member of the Turks and Caicos Bar Association and a member of the Society of Trust and Estate Practitioners. Mr. Trowbridge is a Director, CEO and Chairman of Hallmark Trust Limited. He is also a piece of ### attorney practicing in the Turks and Caicos Islands and a Barrister and Solicitor practicing in British Columbia.De frauding people Mr. Trowbridge has written extensively on a variety of issues affecting the international finance industry on how to ### you over and has over 30 years experience in practicing jerk off law in this banana republic

### YOU BRIAN TROWBRIDGE you piece of ###ing dog ###

http://www.swannlaw.tc/contact.html

www.swannlaw.tc
pmck@swannlaw.tc
Telephone: [protected]
Facsimile: [protected]
Cell Phone: [protected]

Wendal Swann — Partner
ws@swannlaw.tc

Brian F. J. Trowbridge — Partner
btrowbridge@hallmarktrust.tc

http://edgar.brand.edgar-online.com/PeopleFilingResults.aspx?PersonID=3084214

Person
BRIAN F.J. TROWBRIDGE

Records 1 - 2 of 2.
Company Name Form Type Received Date View
COLUMBUS NETWORKS CORP 10SB12G/A 4/7/2000
COLUMBUS NETWORKS CORP 10SB12G/A 5/23/2000

Columbus Networks CorporationColumbus Networks
www.columbusnetworks.com/
(www.pinksheets: CSNW) offers web-based applications to facilitate recruitment in the education sector using technology and the Internet ...
www.columbusnetworks.com/ - 12k - Cached - Similar pages

SEC Info
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Columbus Networks Corp · 10SB12G/A · On 5/22/00
Filed On 5/22/00 5:33pm ET · SEC File 0-27953 · Accession Number [protected]
in this filing.an "object" Search. Show docs searched and the 1st "hit".every "hit".
Help... Wildcards: ? (any letter), * (many). Logic: for Docs: & (and), | (or); for Text: | (anywhere), "(&)" (near).

As Of Filer Filing As/For/On Docs:Pgs Issuer Agent

5/23/00 Columbus Networks Corp 10SB12G/A 5/22/00 1:40 Dill Dill Carr St..Pc/FA

--------------------------------------------------------------------------------

Amendment to Registration of Securities of a Small-Business Issuer · Form 10-SB
Filing Table of Contents
Document/Exhibit Description Pages Size

1: 10SB12G/A Form 10-Sb/A Amendment No. 3 40 138K

--------------------------------------------------------------------------------
Document Table of Contents
Page (sequential) | (alphabetic) Top

Alternative Formats (RTF, XML, et al.)
Certain Relationships and Related Transactions
Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
Description of Business
Description of Property
Description of Securities
Directors, Executive Officers, Promoters and Control Persons
Executive Compensation
Indemnification of Directors and Officers
Legal Proceedings
Management's Discussion and Analysis or Plan of Operation
Market Price of and Dividends on the Registrant's Common Equity and Other Shareholder Matters
Preferred Stock
Recent Sales of Unregistered Securities
Security Ownership of Certain Beneficial Owners and Management

1 1st Page
2 Item 1. Description of Business
5 Item 2. Management's Discussion and Analysis or Plan of Operation
8 Item 3. Description of Property
12 Item 4. Security Ownership of Certain Beneficial Owners and Management
13 Item 5. Directors, Executive Officers, Promoters and Control Persons
14 Item 6. Executive Compensation
16 Item 7. Certain Relationships and Related Transactions
" Item 8. Description of Securities
17 Preferred Stock
" Item 1. Market Price of and Dividends on the Registrant's Common Equity and Other Shareholder Matters
18 Item 2. Legal Proceedings
" Item 3. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
" Item 4. Recent Sales of Unregistered Securities
19 Item 5. Indemnification of Directors and Officers

10SB12G/A 1st Page of 40 TOC Top Previous Next Bottom Just 1st

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-SB/A
AMENDMENT NO. 3

GENERAL FORM FOR REGISTRATION OF SECURITIES
OF SMALL BUSINESS ISSUERS
UNDER SECTION 12(B) OR (G) OF THE SECURITIES EXCHANGE ACT OF 1934

GOLDEN RIVER RESOURCES INC.
(Name of Small Business Issuer in its Charter)

NEVADA [protected]
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)

2420 PANDOSY STREET, KELOWNA, BRITISH COLUMBIA,
CANADA, V1Y 1T8 (Address of principal
executive offices)

Issuer's Telephone Number: [protected]

Securities to be registered under Section 12(b) of the Act:
NONE

Securities to be registered under Section 12(g) of the Act:
COMMON STOCK, $.001 PAR VALUE
(Title of class)

10SB12G/A 2nd Page of 40 TOC 1st Previous Next Bottom Just 2nd

PART 1

ITEM 1. DESCRIPTION OF BUSINESS

CORPORATE HISTORY

As used herein, the term "Company" refers to Golden River Resources Inc., a
corporation incorporated under the laws of Nevada. The Company is engaged in the
exploration of its precious mineral resource property. The Company indirectly,
through subsidiaries, owns an interest in a mineral property located in Durango
State, Mexico. This interest is comprised of an option to acquire an interest in
a mineral property in consideration of cash payments, share issuances and
exploration expenditures.

The Company was incorporated under the laws of the State of Nevada on June 17,
1997. The Company has one subsidiary: Rob Roy Resources Inc. ("Rob Roy"), all of
the shares of which are owned directly by the Company. Rob Roy owns all of the
shares of La Mexicana Resources S.A. de C.V. ("La Mexicana"). The Company,
through its subsidiaries, is engaged in the acquisition and exploration of a
precious mineral property.

In May 1998, the Company completed a private placement of 3,568,000 shares of
its Common Stock, resulting in gross proceeds of $35,680. In June 1998, the
Company sold 200,000 shares of Common Stock for gross proceeds of $10,000. In
December 1998, the Company sold 1,800,000 shares of Common Stock for gross
proceeds of $90,000.

On March 10, 1999, the Company completed the purchase of all of the issued and
outstanding shares of Rob Roy, a non-reporting company incorporated in British
Columbia, Canada, on June 13, 1997. The Company issued, on a one-for-one basis,
6,454,872 shares of its Common Stock (the "Takeover Shares") in exchange for
6,454,872 common shares without par value of Rob Roy. Certificates for 15% of
the Takeover Shares issued to Rob Roy's shareholders were subject to a
restrictive legend which expired on May 11, 1999; certificates for an additional
15% of the Takeover Shares were subject to a restrictive legend which expired on
September 11, 1999; and the certificates for the balance of 70% of the Takeover
Shares are subject to a restrictive legend expiring on January 11, 2000.

After the completion of the purchase, Rob Roy became a subsidiary of the
Company. Rob Roy owns 100% of the shares of La Mexicana, a company incorporated
pursuant to the laws of Mexico on February 12, 1998. La Mexicana is a company
engaged in the acquisition and exploration of a natural resource property
located in the area of Durango, Mexico. Rob Roy does not have an interest in any
other companies.

The Company engaged in two other private placements of Common Stock: 2,000,000
shares for gross proceeds of $700,000 in April 1999 and 750,000 shares in
September 1999 to satisfy an obligation to pay for services.

On October 13, 1999, the Company entered into an agreement with Peter Holstein,
on behalf of himself and all other shareholders of Transmeridian Exploration
Inc., a British Virgin Islands company engaged in oil and gas exploration
("Transmeridian"), to purchase all of the issued and outstanding shares of
Transmeridian by issuing shares of Common Stock of the Company. The number of
shares issued is to be determined by the net asset value of the oil and gas
properties owned by Transmeridian at the closing date divided by $5.00 for
proven reserves and $10.00 for probable reserves. An independent and certified
oil and gas valuator is to be engaged to value the Transmeridian assets.
Consummation of the acquisition of Transmeridian is subject to several
conditions, including satisfactory due diligence of Transmeridian, its net asset
value, and its principals; execution of a formal purchase agreement; approval of
the transaction by the shareholders

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of the Company; the furnishing of financial statements by Transmeridian which
will meet the requirements of the Securities and Exchange Commission; and the
execution of a satisfactory employment agreement with Peter Holstein. If the
acquisition is completed, the Company will use its reasonable best efforts to
change its name to "Transmeridian Exploration Inc.", and to arrange for a
private placement in the minimum amount of $2,000,000 to cover immediate working
capital and project costs. Also upon closing, Peter Holstein will have the right
to designate four persons for appointment to the board of directors of the
Company. Since the Company has just started its due diligence work on
Transmeridian, management does not know whether the acquisition will be
consummated or when closing would occur. If the acquisition were to occur, the
Company would be entering into a different line of business, oil and gas
exploration, which entails risks different from those encountered in the mining
industry. Further, if the acquisition were to occur, the Company would also face
the risk of doing business in Russia, Kazakhstan, and Turkmenistan. As of March
29, 2000, no progress has been made by the Company towards the proposed
acquisition of Transmeridian.

On October 25, 1999, the Company entered into a nonbinding letter of intent with
OREX Gold Mines Corporation to use its method for processing gold ores.
Management anticipates that the process may be useful in connection with the
Mexicana I property if the Company's exploration work on the property yields
promising results. The OREX method is apparently one that is non-toxic, as
opposed to the conventional cyanide leaching method. The Company is still
investigating this method. The parties have not yet negotiated any terms of a
working relationship.

MINING OPERATIONS AND RISKS

The mining property is an exploration property and does not have any proven
mineral reserves. Should mineral reserves be discovered on the property, it is
anticipated that the minerals would be predominately gold and silver. See Part I
- Item 3. Description of Property below. Development of the mining property will
only follow upon obtaining satisfactory results from an exploration program.

Exploration for and the development of natural resources involve a high degree
of risk and few properties which are explored are ultimately developed into
producing properties. There is no assurance that the Company's exploration
activities will result in any discoveries of commercial bodies of ore. The long
term profitability of the Company's operations will be in part directly related
to the cost and success, if any, of its exploration programs, which may be
affected by a number of factors. Additional substantial risks exist should the
Company undertake any type of development work.

Exploration for natural resources involves many risks, which even a combination
of experience, knowledge, and careful evaluation may not be able to overcome.
Operations in which the Company has a direct or indirect interest will be
subject to all the hazards and risks normally incident to exploration for
resources, any of which could result in work stoppages, damage to persons or
property, and possible environmental damage. Although the Company has or will
obtain liability insurance in an amount which it considers adequate, the nature
of these risks is such that liabilities might exceed policy limits, the
liabilities and hazards might not be insurable risks, or the Company might not
elect to insure itself against such liabilities due to the high premium costs or
other reasons, in which event the Company could incur significant costs that
could have a material adverse effect upon its financial condition.

All phases of the Company's operations are subject to environmental regulation.
Generally, environmental legislation is evolving in a manner which will require
stricter standards and enforcement, increased fines and penalties for
non-compliance, more stringent environmental assessments of proposed projects,
and a heightened degree of responsibility for companies and their officers,
directors, and employees. There is no assurance that future changes in
environmental

3

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regulation, if any, will not adversely affect the Company's operations.
Environmental permits are not required for the proposed Phase 1 and 2
exploration programs on the La Mexicana property. Before drilling and any major
surface disturbance, it will be necessary to file a report on the flora of the
area. For mine development, it would be necessary to obtain state and municipal
approval with similar, but less stringent requirements than in the United States
or Canada. Given the early stage of exploration, it is premature to discuss the
specifics of the environmental permitting process, since the size, type, and
existence of an ore body has not been defined, and there is no assurance that an
ore body will be located on the property.

Although the Company has or intends to obtain title opinions for any concessions
in which it has or will acquire a material interest, there is no guarantee that
title to such concessions will not be challenged or impugned. In some countries,
the system for recording title to the rights to explore, develop, and mine
natural resources is such that a title opinion provides only minimal comfort
that the holder has title. Also, in many countries claims have been made and new
claims are being made by aboriginal peoples that call into question the rights
granted by the governments of these countries.

The Company's revenues, if any, are expected to be in large part derived from
the extraction and sale of base and precious metals such as gold and silver. The
price of those commodities has fluctuated widely, particularly in recent years,
and is affected by numerous factors beyond the Company's control including
international, economic, and political trends, expectations of inflation,
currency exchange fluctuations, interest rates, global or regional consumptive
patterns, speculative activities, and increased production due to new extraction
developments and improved extraction and production methods. The effect of these
factors on the price of base and precious metals, and therefore the economic
viability of the Company's exploration project, cannot accurately be predicted.

There are many individuals and companies that are engaged in the mining
business. Some of which are very large, established mining companies with
substantial capabilities and long earning records. The Company may be at a
competitive disadvantage in acquiring mining properties or in purchasing,
leasing, or obtaining mining equipment since it must compete with these
individuals and companies, most of which have greater financial resources and
larger technical staffs than the Company. There can be no assurance that the
Company will be successful in prospecting for or acquiring additional mining
claims or leases, or in arranging for their exploration.

Water is essential in all phases of the exploration and development of mineral
properties and the milling of any ore obtained as a result. It is used in such
processes as exploration drilling, leaching, placer mining, dredging, testing,
and hydraulic mining. Furthermore, any water that may be found will be subject
to acquisition pursuant to state, federal and foreign water law, and its use
will be subject to regulation pursuant to local, state, federal and foreign
water quality standards. Management does not expect any significant difficulties
with respect to this matter. Water sufficient for mining purposes is available
on the La Mexicana concession.

MINERAL INDUSTRY OF MEXICO

The Mexican government commenced privatization efforts in the late part of the
1980's. The Mining Law of 1992 generally encourages domestic investment and
foreign participation in the mining industry. The Mining Law permits direct
investment, with up to 100% of equity, in exploration works and activities and
allows, through a 30-year trust mechanism, up to 100% foreign participation in
mineral production.

In addition, in 1989 Mexico reduced the corporate income tax to 35% and in 1991
eliminated the mineral production tax.

4

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Government approval is not required for the proposed Phase 1 work program on the
La Mexicana project. An environmental assessment report must be filed for the
specific areas disturbed in Phase 2. This will be done when these areas are
outlined. The filing of the environmental assessment report is a minor expense
in the overall budget. Besides an operating license, it will be necessary to
obtain permits for water well usage, water discharge, land use, explosives, and
hazardous materials handling. The Company is not aware of any major
environmental or regulatory issues that might impede its exploration efforts on
the La Mexicana property. See Part I - Item 3. Description of Property below.

EMPLOYEES

As of the date of this registration statement, the Company employs two people
full-time at its Kelowna office and technical staff to carry out its projects in
Mexico on an as-needed basis, including the President of the Company, David St.
Clair Dunn, P. Geo.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Effective March 10, 1999, the Company completed the acquisition of 100% of the
outstanding common shares of Rob Roy. As the Rob Roy shareholders obtained
effective control of the Company through the exchange of their shares of Rob Roy
for shares of the Company, the acquisition has been accounted for in these
consolidated financial statements as a reverse acquisition. Consequently, the
consolidated statements of loss and deficit and changes in cash flows reflect
the results from operations and changes in financial position of Rob Roy, the
legal subsidiary, since inception combined with those of the Company, the legal
parent, from the date of acquisition on March 10, 1999, in accordance with
generally accepted accounting principles for reverse acquisitions. In addition,
the comparative figures are those of Rob Roy, the legal subsidiary.

The Company's fiscal year end is June 30. The following is a summary of certain
selected financial information for the nine months ended March 31, 2000, the
fiscal year ended June 30, 1999, and the period from its date of incorporation
to June 30, 1998. Reference should be made to the financial statements attached
to this registration statement to put the following summary in context. All
dollar figures referred to in this section relating to the Company are listed in
US dollars unless otherwise noted.

[Enlarge/Download Table]

-------------------------------------------------------------------------------------------------------------------

INCEPTION (JUNE 13, 1997)
NINE MONTHS ENDED YEAR ENDED JUNE 30, 1997) TO JUNE 30,
MARCH 31, [protected] (UNAUDITED)
-------------------------------------------------------------------------------------------------------------------

Revenues -- -- --
-------------------------------------------------------------------------------------------------------------------
(Loss) from
continuing operations $ (498,087) $ (1,202,151) $ (509,208)
-------------------------------------------------------------------------------------------------------------------
(Loss) per common
share $ (0.03) $ (0.15) $ (0.26)
-------------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------------
MARCH 31, 2000 JUNE 30, 1999 JUNE 30, 1998
-------------------------------------------------------------------------------------------------------------------
Working capital
(deficiency) $ (367,322) $ (170,390) $ (28,983)
-------------------------------------------------------------------------------------------------------------------
Total assets $ 28,072 $ 72,797 $ 12,798
-------------------------------------------------------------------------------------------------------------------
Long-term obligations $ -- -- --
-------------------------------------------------------------------------------------------------------------------

5

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RESULTS OF OPERATIONS

The Company's level of activity was substantially higher during the fiscal year
ended June 30, 1999, as compared to the previous period. Expenses were
$1,202,151 for 1999 as compared to $509,208 for 1998. The most significant
increases were in the areas of exploration of mineral properties ($245,210) due
to the drill program undertaken on the La Lajita property, professional fees
($152,065) primarily due to the legal and accounting expenses incurred with the
acquisition of Rob Roy, and travel and promotion ($136,384) due to travel to
Mexico and financial public relations work. Additionally, the Company wrote-off
$576,050 in 1999 upon its decision to abandon the La Lajita property. After
completing the exploration program on the La Lajita property, the Company
decided to terminate its option. The Company made option payments of $534,214,
issued 350,000 shares valued at $17,500, and incurred exploration expenditures
in excess of $300,000 prior to terminating its option in September 1999.

From June to July, 1999, a 943.9-meter diamond drilling program was carried out
on the La Lajita property in the area recommended by the Company's consulting
geologists as having the highest possibility of containing an open pittable
precious metals resource. The results obtained by the Company in September 1999
revealed that the drilling did not outline sufficient mineralization (material
containing minerals of value) at high enough grades to continue exploration of
the property. While underground mining targets with good potential remain on the
property, they do not fit the Company's corporate objectives.

During the nine months ended March 31, 2000, the Company incurred a loss of
$498,087 due to expenditures for consulting fees ($212,985), exploration of
mineral properties ($42,390), professional fees ($89,917), travel and promotion
($49,843), and general and administrative ($31,622). In addition, the Company
incurred $30,000 in option payments to acquire mineral properties. This compares
to a loss of $627,070 for the nine months ended March 31, 1999, with the most
significant expenditure being $346,735 in option payments to acquire mineral
properties.

Due to the lack of any revenues, and the cumulative losses of $1,711,359
incurred through June 30, 1999, and $2,209,446 through March 31, 2000, there is
a substantial doubt about the Company's ability to continue as a going concern,
as noted in the report of the independent auditors on the Company's financial
statements. The Company requires additional financing to continue operations and
to undertake the exploration programs described below. If it is unable to obtain
such financing, it may be unable to continue operations or engage in the
exploration programs.

FINANCIAL CONDITION

Since inception, the Company's capital resources have been limited. The Company
has had to rely upon the sale of equity securities for cash required to fund the
administration of the Company. From its inception through March 31, 2000, the
Company has raised $730,823, net of share issuance costs from the sale of its
Common Stock. In addition, 850,000 shares have been issued for mineral property
options and 200,000 shares have been issued for services. Since the Company does
not expect to generate any revenues in the near future, it will have to continue
to rely upon sales of equity and debt securities to raise capital. It follows
that there can be no assurance that financing, whether debt or equity, will
always be available to the Company in the amount required at any particular time
or for any particular period or, if available, that it can be obtained on terms
satisfactory to the Company.

At June 30, 1999, the Company had a working capital deficiency of $170,390, as
compared to $28,983 at June 30, 1998. The increase in the working capital
deficiency can be attributed to the cash outlays for payments on mineral
properties and mineral property exploration made during the fiscal year ended
June 30, 1999. The cash outlays were as follows:

6

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[Enlarge/Download Table]

-------------------------------------------------------------------------------------------------------------------
Option Payments on
Mineral Properties
Including Value Exploration
Property Added Taxes Expenditures Total
-------------------------------------------------------------------------------------------------------------------

La Lajita $372,294 $245,210 $617,504
-------------------------------------------------------------------------------------------------------------------
La Mexicana $204,294 -- $204,294
-------------------------------------------------------------------------------------------------------------------
$576,588 $245,210 $821,798
-------------------------------------------------------------------------------------------------------------------

Other than as described under "Properties of La Mexicana", the Company does not
have any interest in any properties.

At March 31, 2000, the Company had a working capital deficiency of $367,322. The
increase was due primarily to the loss incurred during the nine months then
ended.

PLAN OF OPERATION

In addition to option payments of $5,000 due toward the January 1, 2000
installment , the Company is required to invest a total of $300,000 on or before
June 12, 2000 and $1,000,000 on or before February 12, 2001 on work commitments.
The Company must also issue 750,000 shares of Common Stock by March 2002. The
Company issued the minimum of 250,000 shares by February 12, 2000, leaving
500,000 shares to be issued by March 2002. The Company plans to conduct a Phase
1 regional geochemical survey over the La Mexicana property at a cost of
approximately $19,000. The Phase 1 program will be followed by a Phase 2 program
at a cost of approximately $77,000. The Company does not presently have the
funds available for either the Phase 1 or Phase 2 program and will have to raise
additional funds by way of debt or equity in order to finance same. It does not
have any arrangements for such funding at present. See Part I - Item 3.
Description of Property, below, for more detail on the proposed work programs of
the Company. If the Company were unable to raise the funds necessary to satisfy
the option payment and work commitment requirements, the Company would seek an
extension from the optionor of the Mexicana I property. There is no assurance
that the Company would be able to obtain an extension. If the Company defaulted
in its obligations, the option agreement would be terminated and the Company
would lose everything of value paid for the property.

In addition to the property obligations described in the preceding paragraph,
the Company has only normal trade obligations. As of March 31, 2000, these trade
obligations were $188,818, of which approximately $93,000 was outstanding for
more than 90 days. The officers and directors of the Company and the persons to
whom debt of $100,233 is owed, have not given the Company a fixed date for
repayment. The persons to whom the $100,233 is owed are shareholders who own
less than 5% of the outstanding shares of the Company. The advances do not bear
interest, have no fixed terms of repayment, and are not pursuant to a written
agreement.

As of March 31, 2000, the Company had approximately $14,600 cash on hand.
Pursuant to an interim financing agreement dated January 24, 2000, the Company
borrowed $75,000 from an unrelated party. These proceeds have satisfied the
Company's cash requirements through April 2000. The interim financing bears
interest at 8%, is due in full by July 24, 2000, and is guaranteed by R. Bruce
Manery and Roger Watts, officers and directors of the Company. The Company will
need to obtain additional funds through loans of this sort or the sale of its
equity securities to maintain its operations. The Company would be able to
maintain an office, but would not be able to undertake the exploration programs
on the property, make any option payments, or service any existing debt. The
Company does not intend to hire any more full-time employees over the next 12
months. Subject to the availability of funds the Company will hire additional
employees and consultants on a part-time basis in order to carry out its
proposed work programs. The Company does not intend to make any purchases of
plant or equipment over the next 12 months.

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If the Transmeridian transaction should be completed, the Company would be
required to arrange for a private placement in the minimum amount of $2,000,000
to cover immediate working capital and project costs. Since the Company has just
started its due diligence work on Transmeridian and no progress has been made in
recent months, management does not believe that the acquisition of Transmeridian
is probable. Accordingly, the Company has not made any plans with respect to a
proposed private placement.

YEAR 2000 READINESS DISCLOSURE

The Year 2000 issue refers to the inability of computer and other information
technology systems to properly process date and time information due to the
programming of a two digit year rather than a four digit year. The risk is that
a system will recognize the digits "00" as 1900 rather than the year 2000, or
that the system may not recognize "00" as a year at all. As a result, computers
and embedded processing systems may be at risk of malfunctioning, particularly
during the transition from 1999 to 2000.

The Company has completed its assessment of the impact of Year 2000 issues on
its business operations. The Year 2000 issue may affect the Company in four
principal areas including: (1) computer systems such as personal computers,
operating systems, business software, and application software including
accounting systems, technical support software and administration software; (2)
field assets (primarily embedded systems) such as programmable logic controllers
and equipment control panels; (3) other systems such as telephones, photocopiers
and facsimile machines; and (4) third-party suppliers and service providers such
as banks and insurance companies.

To date, the Company has implemented and tested its computer software and
hardware for Year 2000 compliance and has concluded that its hardware and
software is Year 2000 compliant.

The Company's Year 2000 program is designed to reduce the Company's risk of
material losses due to the Year 2000 issue. Management does not anticipate any
material adverse effect from the Year 2000 issue; however, the Company cannot be
certain that it will not suffer material adverse effects in the event that third
parties upon which the Company is dependent are unable to resolve their Year
2000 issues.

ITEM 3. DESCRIPTION OF PROPERTY

PROPERTY SUMMARY

La Mexicana, a wholly owned subsidiary of Rob Roy, acquired options to purchase
rights to certain mineral properties in Mexico pursuant to certain agreements
described below. La Mexicana's main focus had been on the La Lajita and Mexicana
1 properties located near Durango, Mexico. After performing a drill program on
the La Lajita property, the Company decided that the La Lajita property did not
warrant any further work and terminated its option on that property in September
1999.

TERMS OF OPTION ON MEXICANA 1

La Mexicana has entered into an agreement in writing (the "Alcaraz Agreement")
dated February 12, 1998 and amended as of November 12, 1999, with ING.
Cuitlahuac Rangel Alcaraz ("Alcaraz"), an arm's length party, to acquire the
right and option to purchase an undivided 70% interest in the Mexicana I
property located near Durango, Mexico. The option must be exercised by February
12, 2001. The Alcaraz Agreement requires the following payments, share issuances
and exploration expenditures:

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[Enlarge/Download Table]

------------------------------------------------------------------------------------------------------------------------------
REQUIREMENT STATUS
------------------------------------------------------------------------------------------------------------------------------

a) US$25,000 on or before the execution of the Alcaraz Agreement Paid
------------------------------------------------------------------------------------------------------------------------------
b) US$25,000 upon execution of the Alcaraz Agreement Paid
------------------------------------------------------------------------------------------------------------------------------
c) US$50,000 on January 1, 1998 and every six months thereafter January 1, 1998; July 1, 1998;
until February 12, 2001, or until a positive bankable feasibility January 1, 1999; and July 1, 1999
study is completed, whichever is the earliest to occur* payments made, and $45,000 of the
January 1, 2000 payment made
------------------------------------------------------------------------------------------------------------------------------
d) 250,000 shares upon the approval of the Alcaraz Agreement by Issued March 1999
any regulatory authority having jurisdiction
------------------------------------------------------------------------------------------------------------------------------
e) a further 750,000 shares of the Company within three years of 250,000 shares issued prior to
the issuance under paragraph (d) above, with a minimum of February 12, 2000; 500,000 shares
250,000 shares to be issued by February 12, 2000 not due for issuance
------------------------------------------------------------------------------------------------------------------------------
f) a minimum amount of US$1,500,000 shall be invested on work Not due
commitments, according to the following budget schedule:
US$300,000 on or before June 12, 2000, and US$1,000,000 on or
before February 12, 2001
------------------------------------------------------------------------------------------------------------------------------

*While the Agreement states that payments are to be made in August and February
of each year, in practice, Alcaraz has expected, and the Company has paid,
installments in January and July of each year.

La Mexicana shall also be responsible for the payment of value added tax of 15%
on property payments and for mining taxes required to keep the property in good
standing.

Alcaraz is the beneficial and registered concessionaire of 100% of the
Exploration Mining Concession of the Mexicana 1 lot. During the term of this
Agreement the Company has the exclusive right to explore the Property, subject
to the Company obtaining appropriate surface rights and governmental
authorizations.

The Alcaraz Agreement provides that after the exercise of the option, Alcaraz
and the Company shall either become co-concessionaires of the Property or
incorporate a new company that shall acquire the title to the Property.

MEXICANA 1 GROUP OF CLAIMS

LOCATION, ACCESS, PHYSIOGRAPHY AND POPULATION

Mexicana 1 property is located in the Municipality of Pueblo Nuevo, State of
Durango, Mexico. The property consists of 20,477 hectares in three adjoining
rectangular blocks.

Road access to the property is from El Salto on Highway 40 south, 50 kilometers
to La Puerta, then southwest 10 kilometers to Cofradia, then 28 kilometers (2.5
hours) on a dirt track east to Los Naranjos. The western part of the Property
can be accessed from the state of Sinola to the town of La Escondida, just
inside the western edge of the property. The rest of the property is covered by
networks of well-used trails.

Elevations on the property range from 290 meters on the San Antonio de Animas
River in the southwestern corner of the property, to 2,520 meters in the
northeast corner.

See the map on the following page.

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[Map of area].

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HISTORY AND PREVIOUS WORK

The only previous work seen was the La Mexicana excavations or workings. These
consist of two adits (horizontal or nearly horizontal passages driven from the
surface for the working of a mine) driven approximately five meters on narrow
quartz veins on the west side of the arroyo of the Los Naranjos River. The
Mexicana I monument is located in front of these workings, about 1.0 kilometers
down the Los Naranjos River northwest of Los Naranjos. There are artisinal
workers working the river gravels on a small scale, especially on the junction
of the Arroyo of the Los Naranjos River and the Arroyo of the San Antonio de
Animas River.

PROPERTY GEOLOGY

The Mexicana 1 property lies within the Sierra Madre Occidental Geological
province, which is a 1200 kilometer long north-west trending belt of volcanic
rocks 200 to 300 kilometers wide. Regional, northwest trending faults (breaks in
rocks with noticeable movement or displacement of the rocks on either side of
the break) are common throughout the province.

Gold mineralization in the area is found mainly in epithermal to mesothermal
quartz veins and stockworks associated with caldera (collapsed volcano)
complexes. Radiating faults, concentric ring faults, and particularly, their
junctions in the caldera, are favorable areas for mineralization.

The Mexicana 1 property covers an approximately 15.0 meter diameter caldera,
centered three kilometers west-northwest of Los Naranjos, on the San Antonio de
Animas River. A granitic intrusion (a body of igneous rock formed below the
surface)was observed in this area.

Two major structures were observed on the property and can be traced on
satellite photographs. One structure trends 50 kilometers northwest through Los
Naranjos. The Los Naranjos River follows part of this structure. The second
structure trends east-northeast and can be traced for 55 kilometers. The San
Antonio de Animas River follows this structure for 15 kilometers from two
kilometers above its junction with Los Naranjos River to the west-southwest. The
junction of these structures is a very prospective area. It lies on the eastern
boundary of Mexicana 1 property.

WORK PROGRAMS

The Company has not conducted any exploration on the Mexicana 1 property.
Subject to the availability of funds, the Company plans to conduct a systematic
regional mineral exploration program, consisting of regional scale stream
geochemical sampling and rock sampling to test the area in the first quarter of
2000. The following table outlines the proposed budget for the La Mexicana
property for the first quarter of 2000:

[Enlarge/Download Table]

PROPOSED BUDGET FOR LA MEXICANA (IN US $):
PHASE 1

Research: Government mining and geological information and claim status...$ 1,950
Regional geochemical and examination of showings
Geologist: 20 days @ $338.50/day... 6,770
Assistant: 15 days @ $118.50/day... 1,778
Vehicle: 15 days @ $68/day... 1,020
Travel: 2 @ $677... 1,354
Room and board: 30 days @ $34/day... 1,020
Assays: 300 samples @ $10/sample... 3,000
Communication: ... 339

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Expendables: ... 339
Report preparation ... 677
Contingency: ... 753
-------------
Total Phase 1...$ 19,000
-------------

PHASE 2 (Geological mapping, geochemical surveys, trenching and detailed sampling)
Geologist: 40 days @ $338.50/day...$ 13,540
Assistants: 2 for 30 days @ $135/day... 8,100
Vehicle: 2 for 30 days @ $68/day... 4,080
Travel: 3 @ $677... 2,031
Room and board: 90 days @ $47/day... 4,230
Assays: 2,100 @ $10/sample... 21,000
Communications: ... 1,693
Expendables: ... 2,640
Local labor: 4 for 15 days @ $27/day... 1,620
Mules: 4 for 15 days @ $27/day... 1,620
Backhoe or small cat: 20 days @ $339/day... 6,780
Mob or demob for equipment... 1,354
Report preparation: ... 1,354
Contingency: ... 6,958
-------------
Total Phase 2...$ 77,000
-------------

TOTAL PHASES 1 AND 2...$ 96,000
=============

LA LAJITA

La Mexicana entered into an agreement (the "Fuerte Mayo Agreement") dated
February 12, 1998 with Fuerte Mayo S.A. de C.V. ("Fuerte Mayo"), an arm's length
party, to acquire the right and option to purchase an undivided 60% interest in
the La Esperanza, Guadalupe and Ampl. de Guadalupe mining Lots and the Santa
Nino and Dos Hermanos mining lots located near Durango, Mexico.

An initial program of 943.9 meters of diamond drilling in 13 holes was carried
out by Britton Hermanos, S.A. de C.V. under the supervision of Company personnel
from April to June 1999.

After completing the exploration program on the La Lajita property, the Company
decided to terminate its option since the drilling did not outline an open
pittable resource of sufficient size to meet the Company's objectives. The
Company paid acquisition costs $492,500, issued 350,000 shares and incurred
exploration expenditures in excess of $300,000 on the La Lajita property prior
to terminating its option.

ITEM 4. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth, as of March 31, 2000, the outstanding Common
Stock of the Company owned or of record or beneficially by each person who owned
of record, or was known by the Company to own beneficially, more than 5% of the
Company's Common Stock, and the name and shareholdings of each Officer and
Director and all Officers and Directors as a group.

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PERCENTAGE OF
NAME SHARES OWNED COMMON STOCK
OWNED(1)

DAVID ST. CLAIR DUNN(2)(3) 100,000 0.58%
1154 Marine Drive
Gibsons, British Columbia
Canada V0N 1V1

ROBERT BRUCE MANERY(2)(4) 182,658 1.06%
2420 Pandosy Street
Kelowna, British Columbia
Canada V1Y 1T8

ROGER WATTS(2)(4) 195,200 1.06%
200-537 Leon Avenue
Kelowna, British Columbia
Canada V1Y 2A9

BRIAN F.J. TROWBRIDGE 800,000 4.70%
Box 209, Chancery Court
Leeward Highway
Turks and Caicos
West Indies

ALL OFFICERS & DIRECTORS 477,858 2.75%
AS A GROUP(6)
--------------------------------------------------------------------------------

(1) This table is based on 17,005,072 shares of Common Stock outstanding on
March 31, 2000. If a person listed on this table has the right to obtain
additional shares of Common Stock within sixty (60) days from March 31,
2000, the additional shares are deemed to be outstanding for the purpose of
computing the percentage of class owned by such person, but are not deemed
to be outstanding for the purpose of computing the percentage of any other
person.

(2) These individuals are the officers and directors of the Company and may be
deemed to be "parents" of the Company as that term is defined in the rules
and regulations promulgated under the federal securities laws.

(3) Includes options to purchase 100,000 shares of Common Stock. See Part I -
Item 6. Executive Compensation.

(4) Includes options to purchase 150,000 shares of Common Stock. See Part I -
Item 6. Executive Compensation.

(5) These shares are owned of record by Mischcorp Ltd.

(6) Includes options to purchase 400,000 shares of Common Stock. See Part I -
Item 6. Executive Compensation.

Hallmark Bank & Trust / Horizon Gold /Compass Card Visa
Posted: 2007-08-26 by Bruce Jones [send email]
RIP OFF ARTISTS ### YOU BRIAN TROWBRIDGE you piece of ###ing dog ###

Complaint Rating:
Horizon Gold your clear choice to getting ripped off
by Hallmark Bank ...a fake internet bank

Directory of Fake Banks
http://www.scamfraudalert.com/f133/directory-fake-banks-1132/
Hallmark Bank NA
Hallmark Finance http://www.hallmark-online.com
Hallmark Trust Finance
Hallmark Trust Finance Bank

Hallmark Bank & Trust Ltd.
PO Box 104,
Tropicana Plaza, Leeward Highway
Providenciales
Turks & Caicos...

Email: info@hallmarktrust.tc
Telephone: [protected]
Facsimile: [protected]

Hallmark Bank & Trust Ltd.
PO Box 325 Station 'A'
Etobicoke Ontario
Canada M9C 4V3

Complaints on "Hallmark Bank & Trust / Horizon Gold /Compa Card"
Hallmark offers Standard and Gold Horizon MasterCard® credit cards at www.horizoncard.tc

Horizon Gold
They totally misrepresented themselves.
I was mislead into thinking this was a real credit card. I charged the $79.95 fee
I lookeds up this piece of ### company it i owned by...taaaadsaaaaaaaa
RIP OFF Horizon Gold card

Hallmark Bank & Trust Ltd.
PO Box 104,
Tropicana Plaza, Leeward Highway
Providenciales
Turks & Caicos...

Email: info@hallmarktrust.tc
Telephone: [protected]
Facsimile: [protected]

Hallmark Bank & Trust Ltd.
PO Box 325 Station 'A'
Etobicoke Ontario
Canada M9C 4V3

and... they are listed under...taaaa daaaaaa
fake banks

Directory of Fake Banks
http://www.scamfraudalert.com/f133/directory-fake-banks-1132/
Hallmark Bank NA
Hallmark Finance http://www.hallmark-online.com
Hallmark Trust Finance
Hallmark Trust Finance Bank

I am calling the Internet Crime Complaint Center run by the FBI

Hallmark Bank is owned by...
Brian F. J. Trowbridge — Piece of ### UK lawyer
btrowbridge@hallmarktrust.tc

www.swannlaw.tc
pmck@swannlaw.tc
Telephone: [protected]
Facsimile: [protected]
Cell Phone: [protected]
http://www.swannlaw.tc/attorneys.html

Customer Service Number is... [protected]. They're persistent... but just keep telling them you want to cancel NO MATTER WHAT... you'll win. It's true, you will lose your money because they wont give you a refund for whatever reason, just accept it, cut your losses... BUT JUST GET OUT!

Hallmark Bank and Trust Ltd and Brian Trowbridge have absolutely nothing to do with the other rip-off Hallmarks and also have nothing to do with the Horizon Gold Card. These postings are slander. Do your research before you post!

Promise $500 unsecured Credit Card with no credit check. Must pay $89.95 Application Fee and card is guaranteed. When you get card, it is not a "Major Credit Card"! No visa, MC,or anything else on back. No exp.or pin. Just a number that is good at their website for services that I already have: Towing service, some Rx program, and some crap.

They say it is a card to help you get your credit score up! But that is not the emphasis when they are selling the card to you!

I don't even know how i got signed up for this company all I know is I started seeing charges from them and I didn't even have the card!When I called to cancel the card they kept trying to tell me that I'd visited the sight and a bunch of other bull...they finally refunded me my $44.90, but get this, turned around and charged me again! When I called back a few days later, they were requesting a copy of my BANK statement to prove that they recharged me and refused to refund my money b/c "their computer" didn't show a charge. I told them in no uncertain terms that they could kiss my black a**, and they hadn't heard the last of me...TOTAL SCAM!

Not what i thought I was getting, not worth the money I paid for the credit card.

I take back my previous posting. Brian Trowbridge and Hallmark are a bunch of [censored] - they ripped me off and stole my money. Trowbridge comes across like a nice whitey lawyer but he is really just a slimeball who misleads anyone he talks to. I am sorry I ever met him and his crooked bank, Hallmark.

REFUND MY MONEY BACK ON MY VISA, ITS NOT THE CARD I WANTED.

give me my 29.95 back this crap is ###ed and rediculous the crap for sale isnt even worth the time or my money...!

I also signed up for this card. There is nothing on their website I would even consider buying. They only report to one credit bureau and if you don't use their credit line then it negatively affects your credit rating. Beware this is a scam!