Post by
BASTILLEDAY4U on Nov 23, 2017 10:47pm
ownership
hard to understand who owns this company >> page 22 > 2nd quarter > As a result of the Recapitalization (Note 2b), Gramercy and Baiyin each now own approximately 30% of the outstanding common shares of the Company and are therefore considered to be related parties of the Company under IFRS. >> page 16 >> In July 2016, the Company entered into a gold dore purchase agreement in connection with a $10,000 loan facility (the "Baiyin Loan") with a Baiyin affiliate. Another Baiyin affiliate, RFW Banro Investments Limited, owned approximately 16.5% of the outstanding common shares of the Company as at December 31, 2016. >> The loans with these, what appear to be Chinese companies, may be secured by the company assets.