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2006 marked the inaugural year of Cadiscor Resources Inc. (“the Company” or “Cadiscor”). Cadiscor was created as a subsidiary of Strateco Resources Inc. (“Strateco”) to hold Strateco’s gold assets. In exchange for the transfer of the properties, Cadiscor issued 20,000,000 common shares to Strateco and assumed previous obligations related to the acquisition of those assets. The Cadiscor shares were later distributed to Strateco shareholders on a pro rata basis.

From the outset, the Company rapidly took certain steps to secure its future development. The third quarter of 2006 saw the closing of an Initial Public Offering (IPO),...