Catalyst Copper Corp. CATXF

Interesting

[zadom1]

It looks as though there may not be any more dilution, as per NR, the remaining $2.5MM in WC will qualify Catalysts 100% mexican sub to aquire 60% of the project, then we cross our fingers and hope that Teck takes their stake back up to 60% via the following, if they dont we will raise cash to buy out the project 100% or maybe Baja will come in and buy the project.

La Verde property is subject to an option agreement with a Mexicansubsidiary of Teck Resources Limited (Teck) whereby Catalyst's 100%Mexican subsidiary, Minera Hill 29, may earn a 60% interest in La Verdeby making US$10,000,000 in exploration expenditures (including 30,000meters of drilling and 200 kilometers of IP) by December 31, 2012. UponCatalyst earning a 60% interest, Teck has the option to increase itsinterest to 60% by incurring aggregate expenditures equal to two timesthe amount spent by Catalyst. Should Teck fail to exercise its optionto earn a 60% interest, Catalyst may acquire a 100% interest in LaVerde by paying to Teck US$20 million. The property is subject to anunderlying 0.5% NSR.