Colossus Minerals Inc COLUF

Colossus Minerals Inc is a Canada-based exploration stage company. Principally, it is engaged in the acquisition, exploration, and development of mineral properties. The company's project includes Serra Pelada which is situated in the mineral prolific Carajas region near the towns of Curionopolis and Parauapebas, Para state, northern Brazil.

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Colossus Minerals Inc

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Comment by benbolaon Sep 23, 2013 4:48pm

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Post# 21761105

RE:RE:Doing some DD on this company and found this.........

I am not familiar with the circumstances which led to the revised 75/25 split which the activist/upstart Coomigasp leadership is now rejecting.

1. What was the context which led to the revision? Higher start-up costs? Improved up-front benefits for Coomigasp members?

2. Did Coomigasp members have a vote for it? Does their charter require one?

3. Are there any specific claims of wrongdoing, aside from "the original terms were 50/50 and we don't accept the revised income splitting arrangement"?

Really what I am digging for is an answer to this question: are there reasonable grounds to believe that the current contract (75/25 split) was implemented illegally, in bad faith, or in breech of standard and mutually agreed upon protocols?

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