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Borealis Exploration Ltd. a research and d … Borealis Exploration Ltd. a research and development company first incorporated in Canada in 1968, with shares publicly traded on the Prague Stock Exchange under the symbol BOREY. with the most recent quarterly filings on December 31, 2014. The redomiciled Gibraltar-based corporate family now describes itself a virtual business. Borealis previously had an Industry Classification 1382 – Oil and gas exploration services, and owns subsidiaries dealing with materials and power transfer. Borealis Exploration has been under a cease trade order in Canada since September 13, 2001, for continuing failure to submit information required in an inquiry by the Ontario Securities Commission. The Alberta Securities Commission has been allowing variations on this cease trade order with exceptions being made for Canadian shareholders since the company's operations are located outside Canada, its head office is located in Gibraltar, and its securities are not listed on and do not trade on any exchange or market in Canada. According to Businessweek several units filed their Annual on June 27, 2013, for the period ending March 31, 2013; with Moore Stephens auditing Faraway plc, Power Chips plc, Chorus Motors plc, Cool Chips plc, Wheeltug plc and Meyers Norris Penny LLP – MNP LLP auditing Roche Bay plc. In all of these reports both auditors reportedly "gave an unqualified opinion expressing doubt that the company can continue as a going concern". According to the Wall Street Journal Marketwatch company profile as of May 22, 2014, Borealis Exploration Ltd had a Price–earnings ratio of (negative) -7.43, and a liquidity ratio of 0.05, a return on assets of (negative) -64.31. By its company ordinances Borealis, which is located in Gibraltar, can not carry on business with persons resident in Gibraltar or own an interest in real property (with an exception) situated in Gibraltar. Major Subsidiaries and operating units: (this citation no longer points to supporting information)
* Chorus Motors: Automotive
* WheelTug: Aircraft power
* Power Chips: Automotive power
* Cool Chips: Automotive power
* Avto Metals: Metallurgy
* Roche Bay: Mining Exploration
* Faraway – Canadian Mining Leases Its Power Chips and Cool Chips subsidiaries publicised their exploring technology in the early 2000s to increase the fuel-efficiency of automobiles. Powerchips is listed on the Pinksheets exchange but is flagged as high risk for not disclosing information and as of April 2011 the trading volume was zero for nearly six months. Faraway PLC owns a 100% interest in 10,350 acres of Canadian long-term renewable leases on state land located near , Nunavut. The company was incorporated in 1996.vut. The company was incorporated in 1996.
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1968
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1968
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Rodney T. Cox – CEO and chairman
Isaiah W. Cox – President, COO
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Borealis Exploration Ltd. a research and d … Borealis Exploration Ltd. a research and development company first incorporated in Canada in 1968, with shares publicly traded on the Prague Stock Exchange under the symbol BOREY. with the most recent quarterly filings on December 31, 2014. The redomiciled Gibraltar-based corporate family now describes itself a virtual business. Borealis previously had an Industry Classification 1382 – Oil and gas exploration services, and owns subsidiaries dealing with materials and power transfer. Major Subsidiaries and operating units: (this citation no longer points to supporting information)o longer points to supporting information)
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Borealis Exploration
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