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Cooper Minerals Inc V.CQ



TSXV:CQ - Post by User

Post by bababasheep88on May 08, 2009 10:01am
674 Views
Post# 15977671

deal explanation RCT trading at .33

deal explanation RCT trading at .33so from my understanding, both eev and cq gave money to RCT and got shares and some option/warrants. It appears they may have put up two sums each, one at .15 cents and one at .20 cents. So each company has over 6 million shares.
Also from my understanding Rochester has to pay these two companies from profits of their Mexican gold mine which is in production right now, 25000 each month. That this cut of the profits of 25k can not be bought back until after one year and then they may buy back this part for a sum payment to eev and cq.

Does anyone else agree that this is what is going on with this deal?
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