Sakha Enterprises Corporation was incorporated on January 28, 2000 in the State of Nevada, by Franz Dobnik, its President, CEO and Director. The registered and head office of the Corporation is at 1 First Canadian Place, Suite 350, Toronto, Canada, M5X 1C1.
The Company is a new venture, junior public corporation with its shares trading on the Pink Sheets in the U.S. under the stock symbol “SAKH”. A stock quote and further information is available on the Investor Relations page.
The Corporation’s business is the identification of high-potential development opportunities in Russia’s natural resources industries, and the realization of the inherent potential in such opportunities through development and project management in cooperation with Russian partners.
The business is in the first stages of development but can be described as follows:
1. Identify promising natural resource properties in the Russian Federation. These properties with regard to forestry companies have a substantial Annual Allowable Cut (AAC) or with regard to gold properties substantial proven and projected reserves. However, the properties do not have financing to develop the properties.
2. Negotiate the purchase of these properties with payment of shares of SAKHA enterprises and cash from the proceeds of an IPO.
3. Retain the vendors as owner/managers at the local properties.
4. Obtain public market financing to develop the properties.
5. Obtain Canadian and/or other Western partners to assist in the managing of the properties and in the transportation and marketing of forestry products.
For its first two major projects, Sakha has acquired a gold mining operation and a significant timber harvesting and processing entity having enormous untapped value and growth potential. Given the impressive wealth in mature Russian forests, and the steadily rising global demand for all manner of forest products, it is Sakha’s intention to partner with local entities and to finance rapid growth and development of these businesses to the benefit of all shareholders.