GREY:RNSFF - Post by User
Post by
RRM53on Mar 12, 2007 12:00am
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Post# 12399302
Boss Gold
Boss GoldThe name will be changed to Boss Energy.
According to company IR the deal will be approved/completed within the next 2 weeks.
Santoy will end up with 38% of the diluted shares of BOSS after the vend is completed-that assumes that they do not subscribe for any shares of the Underwriting that Balckmount is doing as part of their sponsorship of Boss to the TSX.
Boss is doing a 7,666,666 unit financing at .75 cents
It is my opinion that Santoy will be the largest single shareholder of Boss and will probably be the operator.
I do not know what restrictions might be on Santoy re: purchasing more of Boss and thereby gaining control.
I would look for Pinetree to be involved in the Boss financing and this would be a very strong buy signal. SAN could also participate.
This will be one of the furthest advanced Uranium properties in Canada when it is back in operation and a very disireable asset, with $850,000,000 USD of U308 at $85 per pound, already drilled off.
All good for Santoy and its shareholders.