RE: RE: Nr today gives details re Tarm dividendLOOKS LIKE INVESTORS ARE HAVING TROUBLE INTERPRETING WHAT TODAY'S NR MEANS. NO TRADING SO FAR ON BOTH TARM AND TRGD.
My take is that Tara Gold shareholders will receive an initialdividend of shares of Tara Minerals on the basis of 1/12th of the sharesof Tara Minerals that are owned by Tara Gold.The planned total sharesof Tara Minerals being dividend out will be done over 24 months. This isto be determined by management but could be done sooner.
The 40,848,190 shares of Tara Minerals which Tara Gold holds will eventually be distributed to Tara Gold shareholders.
Hypothetically then, assuming Tara Gold had 100 million sharesoutstanding and Tara Gold interests held 40 million shares of TaraMinerals, after the 12 dividends were issued, Tara Gold shareholderswill have received their 40 million share of Tara Minerals. A smalleramount than a 2 for 1 merger that was contemplated BUT TARA GOLDSHAREHOLDERS WILL STILL HOLD TARA GOLD SHARES AND WILL BENEFIT FROMOTHER PROJECTS THAT TARA GOLD WILL BE DEVELOPING IN THE COMING YEARS.
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Hope this clears the air a bit. Please do your own DD.