Advanced Explorations Inc. ADEXF

RE:RE:RE:RE:New press release

[terarm]

Shlinker, I'm not sure where your reference to the 100% comes from, but I'll give you my two cents worth about the mechanics of the deal as I see it: AXI transfers its Roche Bay/Tuktu assets to a new company (Savik, I believe is to be the name), in return for Parkson paying off AXI's liabilities, and for Parkson's commitment to fund the project to production (a 100% applies here in that Parkson is to pay all expenses until production, that is to say we (AXI shareholders) will get a free carry until then. Parkson must finance the project completely.
As Parkson fulfils their commitment, shares of Savik will be issued to them to bring their ownership of Savik to 80%. I am not sure how our (AXI's) share of Savik will be held- one possibility is that they are held at the corporate level by our AXI directors for us; another is that individual AXI shareholders (like you and I) will be issued shares of Savik (in this latter scenario, AXI may no longer have a reason for being, and so could conceivably be wrapped up). In the first scenario AXI would continue as is, with the same number of shares, and their balance sheet showing their assets as their holdings of Savik shares.
Another possibility for the 100% reference, although I haven't noticed this myself, is that Parkson may have asked for a provision that they will be entitled to buy 100% of the production.
Hope this helps, and that I'm not too long-winded.