Red Lake Madsen Mine Ltd LRTNF

Metals & Mining Gold

Pure Gold Mining Inc is a gold mining company, located in the heart of Red Lake, Ontario, Canada. Its vision is pure and simple, to build a profitable, multi-generational growth company in the world-class gold mining district of Red Lake. With 100%-owned, fully constructed operating PureGold Mine, a multi-million-ounce gold endowment, and significant exploration upside, the company's value-maximizing strategy is to pursue operational excellence, while investing in systematic exploration and phased expansions to fuel discovery and growth for the future.

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Red Lake Madsen Mine Ltd > west lake

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Comment by roberto146on Apr 17, 2023 2:23pm

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RE:RE:RE:RE:west lake

catf7rider:
Confusing it is. But the offer is based on acquiring all of PGM's shares including Eric Sprott and his numbered company and presumably converting all PGM shares to WRLG shares to be held in the fund.
If the PGM shares are cancelled, how can WRLG exchange all PGM shares for WRLG shares if there are none? If PGM shares are not cancelled, there is ownership to them for all shareholders.
All the shares of PGM have registered owners or are beneficially for owners (through brokers); the deal as stated is WRLG shares given for PGM shares plus cash plus the NSR 1%.
How Sprott Lending debt is considered is not discussed in the news release.
As I commented on a previous post, maybe a 'clarification' will be necessary.

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