is this info new to you or...?On CDO's website, the last news release is Feb. 7, 2011 and is aboutthe resignation of Director Mark Naylor and Chief Financial Officer Terese Gieselman.
Meanwhile, on Feb. 22, a US Company called Greenwood Gold Resources filed a document with the SEC
https://biz.yahoo.com/e/110222/ggri.ob8-k.html
indicating that it had optioned a 40% interest in the Summer Property.
"On February 22, 2011, the Company directed its transfer agent to issue a totalof 6,144,975restricted shares of the common stock of the Company, whichrepresents a total of 4.5% of the total issued and outstanding shares of theCompany as required under the Agreement."
Greenwood bid and ask is 8.5 cents to 10 cents, but the shares can't be just sold into the US Market until they are registered.
I am curious to know whether shareholders know about this.
Apparently Greenwood has to spend money to explore to property to maintain its position.
A logical inference here is that Greenwood found issuing 4.5% of its shares to CDO to be a material event. From the lack of a Press Release, it looks like CDO didn't.