OTCQB:GTAGF - Post by User
Comment by
tersteron Dec 20, 2006 7:31pm
321 Views
Post# 11902056
RE: GOG/ECU
RE: GOG/ECUI just don't understand this from ECU's perspective. GOG gets to pay $1.5M over 3 years for a 50% interest. The property belongs to ECU who are supplying the drills and the people. Why would ECU enter in this kind of deal? Why not just issue 1/2 Million shares (at $3 per share comes to $1.5M) and do the drilling like they are doing now and keep 100% of the interest in the property instead of 50%.
Can somebody please explain?
Terster