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Vaaldiam Mining Inc VAALF



GREY:VAALF - Post by User

Comment by mukh6on Apr 19, 2012 12:15pm
271 Views
Post# 19812619

RE: RE:news takeover deal

RE: RE:news takeover deal

If I read this correctly, the final purchase price should be higher than the $18,500,000 (see below).

Wonder what those shares in Flemish Gold are worth, not much I guess in this weak precious metal market.

"In addition, the Arrangement Agreement provides that Vaaldiam shall be entitled to sell its 10,625,000 common shares of Flemish Gold Corp. ( www.flemishgold.com ), a private exploration company with properties in East Africa and that the net proceeds from such sale shall be added to the total consideration of $18,500,000. Pursuant to the terms of the Arrangement Agreement the $18,500,000 purchase price will be placed in escrow with BCKP's counsel pending completion of the Acquisition.

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