December 1, 2004
Geocom Resources Inc.
413-114 West Magnolia
Bellingham, WA 98225
Dear Sirs:
Re: Common Stock of Geocom Resources Inc.
Registered on Form SB-2 filed December 1, 2004 |
We have acted as counsel to Geocom Resources Inc. (the "Company"), a corporation incorporated under the laws of the State of Nevada, in connection with the filing, on December 1, 2004, of a registration statement on Form SB-2 (the "Registration Statement") under the Securities Act of 1933, as amended (the "Securities Act") of 6,914,286 shares of the Company's common stock for resale by certain selling shareholders named in the Registration Statement. As further described in the Registration Statement, the Company is registering for resale:
(a) up to 357,143 shares of the Company's common stock issued in a private placement on July 1, 2004;
(b) up to 357,143 shares of the Company's common stock which may be issued upon the exercise of certain share purchase warrants issued in connection with the private placement on July 1, 2004;
(c) up to 2,487,500 shares of the Company's common stock issued in a private placement on October 18, 2004;
(d) up to 2,487,500 shares of the Company's common stock which may be issued upon the exercise of certain share purchase warrants issued in connection with the private placement on October 18, 2004;
(e) up to 612,500 shares of the Company's common stock issued in a private placement on October 28, 2004; and
(f) up to 612,500 shares of the Company's common stock which may be issued upon the exercise of certain share purchase warrants issued in connection with the private placement on October 28, 2004;
(collectively, the "Securities Transactions").
We have examined the originals or certified copies of such corporate records of the Company and/or public officials and such other documents and have made such other factual and legal investigations as we have deemed relevant and necessary as the basis for the opinions set forth below. In our examination, we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, and the conformity to authentic original documents of all documents submitted to us as copies or as facsimiles of copies or originals, which assumptions we have not independently verified.
Based upon the foregoing and the examination of such legal authorities as we have deemed relevant, and subject to the qualifications and further assumptions set forth below, we are of the opinion that the shares of the Company's common stock that have been issued in the Securities Transactions were duly and validly authorized and issued, fully paid and non-assessable, and that the shares of the Company's common stock issuable upon exercise of the share purchase warrants forming part of the Securities Transactions will be duly and validly issued, as fully paid and non-assessable, upon the exercise of such share purchase warrants in accordance with their respective terms.
We have attorneys admitted to practice in California, Florida, New York, Washington, Virginia and the District of Columbia. We are familiar with the General Corporation Law of the State of Nevada (the "NGCL") as presently in effect and we have made such inquiries with respect thereto as we consider necessary to render this opinion with respect to a Nevada corporation. This opinion letter is limited to the current federal laws of the United States and, to the limited extent set forth above, the NGCL, as such laws presently exist and to the facts as they presently exist. We express no opinion with respect to the effect or applicability of the laws of any other jurisdiction. We assume no obligation to revise or supplement this opinion letter should the laws of such jurisdiction be changed after the date hereof by legislative action, judicial decision or otherwise.
We hereby consent to the use of this opinion as an exhibit to the Registration Statement and to the reference to our name in the Prospectus constituting a part of such Registration Statement under the heading "Legal Matters."
Yours truly,
CLARK, WILSON
/s/ Clark, Wilson
WLM/jlm
