Early waring report of Sun Valley Gold LLC re XRC
Taken from the report: Item 5 - Purpose of the Transaction State the purpose or purposes of the acquiror and any joint actors for the acquisition or disposition of securities of the reporting issuer. Describe any plans or future intentions which the acquiror and any joint actors may have which relate to or would result in any of the following: (a) the acquisition of additional securities of the reporting issuer, or the disposition of securities of the reporting issuer; (b) a corporate transaction, such as a merger, reorganization or liquidation, involving the reporting issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of the assets of the reporting issuer or any of its subsidiaries; (d) a change in the board of directors or management of the reporting issuer, including any plans or intentions to change the number or term of directors or to fill any existing vacancy on the board; (e) a material change in the present capitalization or dividend policy of the reporting issuer; (f) a material change in the reporting issuer's business or corporate structure; (g) a change in the reporting issuer's charter, bylaws or similar instruments or another action which might impede the acquisition of control of the reporting issuer by any person or company; (h) a class of securities of the reporting issuer being delisted from, or ceasing to be authorized to be quoted on, a marketplace; (i) the issuer ceasing to be a reporting issuer in any jurisdiction of Canada; (j) a solicitation of proxies from securityholders; or (k) an action similar to any of those enumerated above. The Common Shares described in Item 2.2 were acquired for investment purposes and Sun Valley may, depending on market and other conditions, increase or decrease its ownership of Common Shares or other securities of the Issuer, whether in the open market, by privately negotiated agreement or otherwise. Sun Valley does not have any current plans or intentions that relate to or would result in the items listed in (a) through (k) above, except that: (i) as described in the preceding sentence, Sun Valley may, in the future, depending on market or other conditions, increase or decrease its ownership of Common Shares or other securities of the Issuer, whether in the open market, by privately negotiated purchases or otherwise; and (ii) Sun Valley has no plans or future intentions which would result in any corporate transaction involving the Issuer or any of its subsidiaries, but may vote, or cause to be voted, any Shares [- 6 -] over which Sun Valley exercises control or direction in relation to any such proposed transaction as Sun Valley may determine at the time any such transaction may be submitted to a shareholder vote.