RE:RE:Equity increase = 100 millionI'm not sure it can be said that it is gone for the following reasons:
1) Goldshore (Brett Richards) mgmt team are long time associates of Wesdome (Duncan Middlemss) mgt team.
2) 2 Directors (Mike Michaud & Heather Laxton) of Goldshore are from Wesdome
3) Moss Lake shares owned by WDO = 27%. Wesdome accounts for the investment on an equity basis because they are deemed to have "significant influence" (> 20% of the shares) but are not deemed to control (>50% of the shares) the company.
4) Control of the company can be defined if we add up the major shareholders:
Wesdome = 27%
Management, Board & Insiders = 11%
Institutional Investors = 14%
Total = 52%