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Ryan Gold Corp V.RYG



TSXV:RYG - Post by User

Comment by yukoninvestoron Nov 01, 2012 6:54pm
111 Views
Post# 20552482

RE: RE: RE: RE: RE: RE: RE: RE: newest acquisition

RE: RE: RE: RE: RE: RE: RE: RE: newest acquisition

I just did and I seem to get the same gist each time I read it. I will attach the line from paragraph 3 that I find puzzling. Maybe I am losing my mind. Anyway, here is the line from the NR in quotations:

"At any time prior to December 31, 2013, Castillian will have the option to purchase the interest back from Ryan Gold in consideration for, at Castillian's option, either a cash payment to Ryan Gold equal to the Expenditures or 40,000,000 Castillian shares."

Assuming I am reading this properly and not missing something, I would say that if the expl results are good I see Castillian exercising the option and RYG is left with nothing. If the results are poor...

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