Eco Oro Minerals Corp C.EOM

Alternate Symbol(s): GYSLF

Metals & Mining Gold

Eco Oro Minerals Corp. is a Canadian precious metals exploration and development company. The Company was focused on the development of the Angostura Project in northeastern Colombia, which consists of the main Angostura deposit and its five satellite prospects. The International Centre for Settlement of Investment Disputes (ICSID) Arbitration Claim became the core focus of the Company.

CSE:EOM - Post by User

Eco Oro Minerals Corp

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Comment by letsgetreadyon Sep 29, 2016 1:36pm

94 Views

Post# 25291473

RE:RE:questions

clearly, the TSX and B.C. Securities Commission needs to be involved in this FIASCO..do a proper PP for heavens sake..3 cents per share!!!!!!!

Bountyhunter11 wrote: Funny that you mention that. I went back to the agreement to review the terms and conditions of the CVR etc. as management's approach to all of this appears to be quiite dubious thus far.

Unfortunately for us it appears that management has very deliberately redacteed Schedule A, which is supposed to outline the terms and conditions of the CVR, and deemed it "Not Applicable" in the public documentation published on SEDAR.

Interesting that they deemed the CVR to be N/A from the get go. How the H E double hockey sticks, is the CVR not applicable????? We are facing mass dillution and expected to vote on that vs. a CVR that hasn't even been disclosed to us!! Given that the only information they have made available regarding the CVR is the percentage payout of an arbitration award to the "Investor" and "Particpating Shareholders", one would assume that they would only be entitled to said payout of an arbitration award and nothing more. However, given the lack of full disclosure there may be a lot more to it.

Upon second review of the agreement, I also noticed something else that was a bit unsettling. Throughout the agreement, there are several references made to "Conversion Shares issued on conversion of the Notes or the CVR. This leads me to believe that there may be some sort of conversion clause attached to the CVR as well. Unfortunately, management has failed to fully disclose the terms and conditions of the CVR.

This is bush league manouvering at its best. We should not even be having a vote at this juncture given the blatent lack of full disclosure here. Furthermore, we disinterested shareholders should have been given the apportunity to comment and vote on the entire proposed deal (tranche 1 and 2) based on full disclosure of all material facts, not just half of the agreement that hasn't even been fully disclosed.

This whole process has been manipulated to the nines!!!