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Eco Oro Minerals Corp C.EOM

Alternate Symbol(s):  GYSLF

Eco Oro Minerals Corp. is a Canada-based precious metals exploration and mining development company. The Company was focused on advancing its principal asset, the Angostura Underground project. Its Angostura project is located in northeastern Colombia. The International Centre for Settlement of Investment Disputes (ICSID) Arbitration Claim has now become the core focus of the Company.


CSE:EOM - Post by User

Comment by TiredofWatingon May 31, 2024 11:32pm
86 Views
Post# 36067280

RE:Management’s Discussion and Analysis March 31, 2024

RE:Management’s Discussion and Analysis March 31, 2024

""5) to the holders of the CVR's and the MIP participants, until the aggregate distributions to such persons equals 95% of the claim proceeds.""

Yikes.  That leaves 5% for the remaining shares.  And, from that, payment to the company of $30mil

So $700US with 6% annual interest since 2016 is $1.5B CAD.  5% of that is $75M - 30M = $45M / 110 million shares outstanding = $0.40 (40 cents) per share. 

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