Barkerville Gold Mns Ltd BGMZF

RE:RE:RE:RE:RE:14,276,479 shiny new shares

[halcro]

halcro wrote:

halcro wrote:

halcro wrote:

halcro wrote:

halcro wrote: On 2015-02-10, BGM announced, subject to regulatory approvals, the proposed issuing of 3,015,039 shares to 2176423 Ontario Ltd to cover interest to January 31, 2015. The shares were issued on 2015-03-11 (29-day turnaround).

On 2015-03-23, BGM announced, subject to regulatory approvals, the proposed issuing of 14,276,479 shares to 2176423 Ontario Ltd. With a 29-day turnaround, the shares are likely to be issued some time after April 22, 2015.

Hmmm...still no word on the issuance of the 14,287,479 shares, even though it's been 45 days since the news was released.

Hmmm. It's now 62 days since the news release, and still no follow up confirming that the TSX has approved the transaction and that the shares will be/have been issued.

The Management Information Circular should, provided the meeting date isn't changed, be up on Sedar in about two days or so.

Should there be suggestions of a consolidation, and if the approval/share issuance hasn't taken place, will there have to be a recalculation of the strike price/issue number to reflect any change in the number of outstanding shares?

And, in only six days, the second 4,167-ounce payment is due to Sprott's numbered company. At $1,482.56 per ounce, that's $6,177,828 that'll be heading Unka 2176423 Ontario's way. Let's hope that the mail slot is oiled and ready.

Or, conversely, should he want to add to his paper pile, that'll be 22,880,842 shiny new 27-cent shares.