After the June 30, 2015, special meetingthe $15-million Sprott entity loan will have been repaid in full by the issuance of plus/minus 63,333,333 BGM shares.
Presumably, that should mean that the James Francis Callaghan-controlled shares, presently hypothecated to the Sprott entity, will be returned to the sole control and ownership of J F Callaghan.
The latest Sedi/Sedar filings indicate the following shareholdings by ex-director James Francis Callaghan and associated entities (he ceased being a reporting insider on 2015-02-04):
RRSP 212,833
Standard Drilling 3,501,346
Direct ownership 53,390
Elaine Callaghan RRSP 148,706
46504 BC 34
On March 31, 2015, GCC's latest financials show that it held 1,857,393 BGM shares.
On January 31, 2015, LG's latest financials show that it held 1,039,633 BGM shares