RE:RE:RE:RE:RE:RE:So whos speculation was correct????radar17 wrote:
It gets worse, make of this what you will but as it stands EQT is only getting a 60% interest in the actual mineral properties...
"Alta Floresta Gold is a private British Columbia company which holds approximately 60% of Alta Floresta Gold Minerao Ltd. ("Alta Floresta Minerao"). Alta Floresta Minerao holds six gold properties, ...Alta Floresta Gold has the right to farm-in to Alta Floresta Minerao up to a 70% equity interest (currently approximately 60% held), ...".
There is a little more to it. Alta Floresta must obtain the remaining 40% in order to close the deal. It's a condition......
Prior to closing, Alta Floresta Gold will use commercially reasonable efforts to become the legal and beneficial owner of 100 per cent of the issued and outstanding equity interests of Alta Floresta Mineracao. This will obviously have a cost attached to it also!