Robert Boaz and Southern Andes Energy Our CEO has been busy the last couple of months working on a proposed merge between Southern Andes Energy (SUR.V, where he`s a director) and Macusani Yellowcake.
The proposed deal gives 0.8 shares of Macusani per one share of SUR. Don`t know if this is a good deal for SUR shareholders but I pesonally dont like this kind of deals.
The interesting part is that the new board will have 8 directors, 6 from Macusani and 2 from SUR, and Robert is one of the two new directors. So selling the company for paper and securing a director seat in the adquiring company.
You can read the proposed merge deal here: https://www.southernandes.ca/downloads/Presentation-Feb3-2012.pdf
Notice how Robert little bio doesn`t mention he`s currently the CEO of Aura Silver.
BTW, Southern Andes has a booth at PDAC, maybe Robert was there...did somebody attend