Aquila Resources Inc T.AQA

Primary Symbol: AQARF

Metals & Mining Industrial Metals & Minerals

Aquila Resources Inc is in the business of exploring for and developing mineral properties. It operates in two geographical areas, the United States and Canada. It has three assets, the Back Forty Project located in Michigan's Upper Peninsula; Bend Project and Reef Project, are found along the mineral-rich Penokean Volcanic Belt. The area hosts multiple deposit types including VMS, magmatic copper-nickel and stratiform copper.

OTCQB:AQARF - Post by User

Aquila Resources Inc

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Comment by morriconeon Oct 24, 2010 10:31am

357 Views

Post# 17604282

RE: RE: RE: Exciting times!!

There's a difference between buying the company and just buying the property.

If you're buying the company then you're buying everything out and it ceases to exist. The shareholders get paid off and go on their merry way. This is a standard buyout.

If you're just buying the property, an asset, then the payment goes to the AQA coffers and it continues to exist and the shareholders continue to own their shares. Mining companies buy and sell properties to each other all the time although typically such properties aren't worth much. In this case any such payout would have to be very substantial.

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