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Terrence J. Dunne serves as President and a director of the Company. For more than the past five years Mr. Dunne has operated Terrence J. Dunne & Associates, a sole proprietorship which provides bookkeeping, income tax return preparation and business consulting services for small businesses. Mr. Dunne received his BBA, MBA and Masters in Taxation degrees from Gonzaga University. Mr. Dunne has the following experience with "blind pool" or "shell" type companies:
(1) New Hilarity Mining Company became Orbit E-Commerce, after a reverse merger in 2000. Prior to the reverse merger with Orbit, Mr. Dunne was a principal shareholder of New Hilarity, and had purchased stock in New Hilarity for $0.025 per share. After the reverse merger and the reverse split of the common stock, Mr. Dunne owned 249,000 shares. Mr. Dunne sold all of his shares between 2000 and 2003. Mr. Dunne received no other compensation from the company.
(2) Mr. Dunne was a principal shareholder of Gold Bond Resources, Inc. from March of 2000 until the reverse merger in 2003. Mr. Dunne owned approximately 1,880,000 shares of common stock. He paid $0.005 per share for 1,795,585 shares, and $0.10 per share for 35,000 shares in 2001. The balance of the shares was purchased in the market at an average price of $0.21 per share. Mr. Dunne presently owns no shares of Enerteck Corp, the present name of the company, which trades on the OTC Bulletin Board.
(3) Mr. Dunne was a principal shareholder of Royal Pacific Resources, toe, (formerly Painted Desert Uranium and Oil Company). Mr. Dunne purchased 2,030,000 shares at $0.005 per share in 2002. This company (now known as Great American Family Parks) is currently listed on the OTC Bulletin Board, and had a 1:6 reverse stock split.
(4) Mr. Dunne was a principal shareholder in Quad Metals Corporation. He purchased 18,000,000 common shares at $0.001 per share in 2001. After a 1:50 reverse stock split in 2002, Mr. Dunne owned 233,000 shares. In 2003, Quad Metals had a share exchange with DataJungle Ltd. No compensation was received by Mr. Dunne in connection with the DataJungle transaction, and he has sold all of his shares.
(5) Mr. Dunne is an officer, director and a principal shareholder of Daybreak Oil & Gas, Inc. He purchased 3,200,000 common shares in 2001 for $0.005 per share and an additional 150,000 shares at $0.02 per share in 2003. In November, 2004, Mr. Dunne sold 50,000 shares at $0.12 per share. In January, 2005, Mr. Dunne sold an additional 40,000 shares at $0.13 per share. During 2005, Mr. Dunne received approximately 527,000 shares for services and debt conversion, and he currently owns 3,787,000 shares. Daybreak trades on the OTC Bulletin Board.
(6) Mr. Dunne purchased 931,628 shares of Aberdeen Idaho Mining Company from January of 2002 to April, 2002. His average price per share is just under $0.03 per share. Prior to an acquisition in May 2004, the company had 9,866,500 outstanding shares. After an acquisition, additional shares were issued and there was a 1:100 reverse stock split. Mr. Dunne has sold all of his shares in this company.
(7) Mr. Dunne received 400,000 shares of Missouri River Gold and Gem Corp. for services in 2000, and purchased an additional 100,000 common shares in 2001 at $0.05 per share. In 2004, Missouri River Gold and Gem Corp. merged with Extremetrix, Inc., and Mr. Dunne sold all his shares in the company.
(8) In 2003, Mr. Dunne purchased 2,400,000 shares of Silver Butte Mining Co. at $0.01 per share. In 2005, Mr. Dunne purchased an additional 100,000 shares at $.06 per share. In August 2006, Mr. Dunne purchased an additional 100,000 shares at $0.06 per share.
(9) Mr. Dunne was a consultant and founding shareholder in Nova Oil, Inc. Mr. Dunne purchased 500,000 shares at $0.0025 per share in 2000. He purchased an additional 160,000 shares in 2003 at $0.05 per share, and received 110,000 shares of stock valued at $0.10 per share for services in 2005. In 2004, he sold 59,000 shares at $0.03 per share. After the acquisition of Biosource America on March 30, 2006, and the subsequent forward split of three for two, Mr. Dunne sold 84,000 shares of stock in 2006. The Company has changed its name to Nova Biosource Fuels, Inc., and trades on the OTC Bulletin Board.
(10) In 2003, Mr. Dunne purchased 720,000 shares of Bonanza Gold, Inc. for $0.03 per share. In February 2006, he received 50,000 for services as a director. Also in February, the company acquired Left Behind Games, Inc. and there was a reverse stock split of one for four.
(11) Mr. Dunne acquired 7,954,464 shares of Silver Crest Resources, Inc. between 2003 and August of 2006. The Company remained dormant until August 2006, when the name was changed to Gold Crest Mines, Inc., and it became an active mineral exploration company. Mr. Dunne is Secretary/Treasurer, a director, and major shareholder of the Company, which is listed on the Pink Sheets. |
