GREY:MLGAF - Post by User
Post by
velkyon Oct 18, 2013 1:31am
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Post# 21826129
Proposal To Creditors of Malaga Inc.
Proposal To Creditors of Malaga Inc. Looks like the proposal is to sell the assets to a corporation called Domingo Salaverry for $500,000, assumption of Global Tungsten Powder debt and quarterly payment of permanent royalty on tungsen sales from the Pasto Bueno mine exceeding the first 40,000 MTUs extracted.
Some other interesting stuff in there, like a $5 million equity injection that was pulled at the last minute in December 2012.
https://www.scribd.com/doc/177072009/Malaga-Inc-Report-of-the-Trustee-in-Charge-on-the-Statement-of-the-Proposer-s-Business-and-Financial-Affairs-08102013