OTCPK:SPVEF - Post by User
Comment by
jedd2on Jun 23, 2011 3:02pm
194 Views
Post# 18757354
RE: RE: RE: RE: RE: RE: Ouch!!!
RE: RE: RE: RE: RE: RE: Ouch!!!Any potential buyout by Xingfa would (imo) likely be of Spur's 20% interest in the restructured YMC and would put money in the coffers of Spur Ventures not shareholders directly. As suggested by mgmt at the AGM, this is not likely to happen at least until the ML's are officially transferred to YMC and the Xingfa acquisition of YPCC has received final approvals. If Xingfa wanted to make an takeover offer for Spur shares on the open market that would be a separate issue.