The Cortellazzi Consortium

December 17, 2007

The Winds Of Change

Filed under: Uncategorized — 18montecristo67 @ 12:36 am

The United States had Enron and Bernie Ebbers.

Canada is going through it’s rash of corporate crime with Norbourg and Conrad Black. This being said, it appears the level of tolerance in Canada has dissipated. The Norbourg affair in Montreal has changed attitudes in the telemarketing boiler-room capital of the world.

The main architect of the fraud, Vincent Lacroix is facing a possible 15 years in jail.

In the wake of this latest securities fraud, the Government has introduced legislation to toughen and broaden the powers of Quebec’s financial regulator.

Maxima Capital a company which had dealings with UMining’s CEO Jean Michel de Montigny during the GSI Technologies era figured prominently in the Norbourg affair. Mr. Lacroix was a Maxima Capital executive in 1995 and Norbourg hired many Maxima Capital staff later on. One of Mr. Lacroix’s regrets during his sentencing appearance was to have “loaned” Maxima Capital $500,000.00.

In 2000, Maxima Capital was sanctioned for inappropriate conduct in regards to GSI Technologies securities. More recently, in April 2007 a financial advisor who recommended GSI Technologies in 2000 was sanctioned by his overseeing Agency in Quebec.

Since the blog is discussing change, we shall take this opportunity to mention that UMining has registered 12 claims previously owned by Virginia Mines.

These claims appear to have been registered less than 3 months ago by Virginia Mines.

Another Cortellazzi Consortium affiliate, IZZA Minerals a wholly owned subsidiary of He-5 Resources has also registered claims in GESTIM.

Izza Minerals recently registered 40 claims in GESTIM.

Nom : Mineraux Izza Inc (81017)
Adresse : 6655, Boul. Pierre-Bertrand, Bur 204-18
Ville : Québec
Province : Québec
Pays : Canada
Code postal : G2K 1M1

CDC 2024289 Actif Mineraux Izza Inc (81017) (100%) 2006/09/08 2008/09/07 0,00 $ 1 200,00 $ 32F12
CDC 2024290 Actif Mineraux Izza Inc (81017) (100%) 2006/09/08 2008/09/07 0,00 $ 1 200,00 $ 32F12
CDC 2024291 Actif Mineraux Izza Inc (81017) (100%) 2006/09/08 2008/09/07 0,00 $ 1 200,00 $ 32F12
CDC 2024292 Actif Mineraux Izza Inc (81017) (100%) 2006/09/08 2008/09/07 0,00 $ 1 200,00 $ 32F12
CDC 2024293 Actif Mineraux Izza Inc (81017) (100%) 2006/09/08 2008/09/07 0,00 $ 1 200,00 $ 32F12
CDC 2024294 Actif Mineraux Izza Inc (81017) (100%) 2006/09/08 2008/09/07 0,00 $ 1 200,00 $ 32F12
CDC 2024295 Actif Mineraux Izza Inc (81017) (100%) 2006/09/08 2008/09/07 0,00 $ 1 200,00 $ 32F12
CDC 2024296 Actif Mineraux Izza Inc (81017) (100%) 2006/09/08 2008/09/07 0,00 $ 1 200,00 $ 32F13
CDC 2049415 Actif Mineraux Izza Inc (81017) (100%) 2007/01/18 2009/01/17 0,00 $ 1 200,00 $ 32F12
CDC 2049416 Actif Mineraux Izza Inc (81017) (100%) 2007/01/18 2009/01/17 0,00 $ 1 200,00 $ 32F12
CDC 2049417 Actif Mineraux Izza Inc (81017) (100%) 2007/01/18 2009/01/17 0,00 $ 1 200,00 $ 32F12
CDC 2049418 Actif Mineraux Izza Inc (81017) (100%) 2007/01/18 2009/01/17 0,00 $ 1 200,00 $ 32F12
CDC 2049419 Actif Mineraux Izza Inc (81017) (100%) 2007/01/18 2009/01/17 0,00 $ 1 200,00 $ 32F12
CDC 2049420 Actif Mineraux Izza Inc (81017) (100%) 2007/01/18 2009/01/17 0,00 $ 1 200,00 $ 32F12
CDC 2061001 Actif Mineraux Izza Inc (81017) (100%) 2007/03/01 2009/02/28 0,00 $ 1 200,00 $ 32F12
CL 5246849 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12, 32F13
CL 5246850 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12
CL 5246851 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12
CL 5246852 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12
CL 5246853 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12

CL 5246856 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12, 32F13
CL 5246857 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12
CL 5246858 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12
CL 5246859 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12
CL 5246860 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12
CL 5246861 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F13
CL 5246862 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F13
CL 5246863 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F13
CL 5246864 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F13
CL 5246865 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12, 32F13
CL 5246866 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12, 32F13
CL 5246867 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12
CL 5246868 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12
CL 5246869 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12
CL 5246870 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12
CL 5246871 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12
CL 5246872 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12
CL 5246873 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12
CL 5246876 Actif Mineraux Izza Inc (81017) (100%) 2004/11/05 2008/11/04 0,00 $ 500,00 $ 32F12
CL 5275054 Actif Mineraux Izza Inc (81017) (100%) 2007/08/16 2009/08/15 0,00 $ 500,00 $ 32F12

These claims previously appeared in Appendix II of the 24 July 2007 NI 43-101 report for He-5 Resources.

Izza Minerals website is still “unavailable”, however it has updated it’s corporate filing.

Mr. Yves Renaud has added and the blog is not surprised with this addition since he was closely affiliated with Andrea Cortellazzi and Serge Ollu in Coastal Holdings Inc.

However, the blog is deeply dismayed and disappointed that Mr. Claude Boulanger (who’s name is listed on this recent filing) appears to be lending his name and reputation to such an endeavor.

The winds of change are upon us, however not all change is good.

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