Good find Silverwhere!
This was only posted on Stockwatch. Not on Sedar?
Galway Resources property agreement 2012-09-13 17:55 ET - Property Agreement
Summarizing this release.
| Property Descriptions | Vendor | Cash | Shares |
| Licence 111 GEXL-40 | 1 | $3,583,428.27 | 3,402,449 |
| HDB-081, HDB-08001X, HDB-08002X, HDB-08003X | 4 | $2,560,232 | 2,212,846 |
| 144-68 | 4 | $15,080.10 | 0 |
| Licence 15800 GTRB-056 | 7 | $107,476.40 | 10,825 |
| FCC-814 | 4 | $257,769.69 | 447,478 |
| 099-68 | 1 | $110,160.06 | 1,122,817 |
| 9 | 21 | | 7,196,415 |
| | | | x$1.08 |
| | | $6,634,146.52 | $ 7,772,128.20 |
| | | | $14,406,274.72 |
So possibly GWY used the loan, to meet the loan agreement conditions, to pay the above cash amount to the vendors. The remainder of the loan is to satisfy the vendors of the last 3 tiles?
Were they short in satisfying the vendors and BMO secured the deal knowing there are possesions to cover it and a deal(s) are in place?
I think this looks very good and have high expectations. Possibly Ventana expectations?
Can not wait till this unfolds!
I expect the market will be bombarded with news releases prior to the AGM on September 20.