RE: Concerned Shareholders Delivering Results! TORONTO, ONTARIO--(Marketwire - June 24, 2012) - The Concerned Shareholders ("New Board") of AOS are pleased to announce that an agreement in principle ("Farm-in Agreement") has been reached with a large, private US based E & P company ("Company") whereby the Company would be prepared to farm into AOS's 51 exploration permits at Algar Lake, after the election of the New Board.
The way it is written makes it sound as though the deal is dependent on the new board being elected. Why wouldn't they just make the same offer to whoever forms the board if they really want the farm-in?
The Company would have the option to earn up to 80% of AOS's working interests in the 51 Algar Lake sections by spending $45 million over a phased 36-month exploration and development program to take Algar Lake to production.
Isn't this the current time-frame that the dissident group find so prolonged? While it sounds good I agree with rocket here. The market will love it or ignore it.
Regards,
Jim