RE:presentationbailey2 wrote: Thought Naomi did a good job. Was surprised to hear that a third shareholder, other than
Wahser and Sprott , owns 9.9 per cent . 1 to 6 months for the Dynasty Goldfields mining permit. The wait is on. All in all, fairly positive presentation. See if they can execute.
Maybe this is the "third" shareholder referred to? I didn't do the math on what Naomi said in the presentation about % ownership, but if someone cares to it would be easy enough to figure out if this is the 9.9% holder.
https://www.marketwatch.com/story/valorium-and-cinergy-acquire-common-shares-of-dynasty-metals-mining-2015-09-17-201735237
QUITO, ECUADOR, Sep 17, 2015 (Marketwired via COMTEX) -- Robert Washer, the representative of Valorium International Inc. ("Valorium") and Cinergy Capital Corp. ("Cinergy") announces that Valorium and Cinergy were issued from treasury an aggregate of 4,245,885 common shares (the "Shares") in the capital of Dynasty Metals & Mining Inc. ("Dynasty"), or 9.99% of the issued and outstanding shares, on September 14, 2015. The Shares were issued to satisfy an aggregate of US$1,439,500 in loans provided by Valorium and Cinergy to Dynasty. Robert Washer is also the President and Chief Executive Officer of Dynasty.
The applicable number of Shares issued was calculated using the volume-weighted average trading price of Dynasty's shares on the Toronto Stock Exchange of $0.45 per share and the Bank of Canada noon exchange rate of CAD1.00=USD0.75, both on September 4, 2015. The Shares were issued in reliance on the securities for debt prospectus exemption provided in Section 2.14 of National Instrument 45-106 - Prospectus and Registration Exemptions.
Subsequently, Valorium and Cinergy own or control, directly or indirectly, on a combined basis, 13,114,035 common shares in the capital of Dynasty, or 28.1% of the issued and outstanding shares.
The Shares were acquired by Valorium and Cinergy in satisfaction of certain indebtedness owing by Dynasty to such entities. Although there is no current intention, depending on the evolution of Dynasty's business, financial condition, the market for Dynasty's securities, general economic conditions and other factors, Valorium and Cinergy may acquire directly or indirectly ownership or control over additional securities of Dynasty in the future.