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Eco Oro Minerals Corp C.EOM

Alternate Symbol(s):  GYSLF

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

Bullboard Posts
Post by oldtimer42on Oct 13, 2016 12:33pm
186 Views
Post# 25339776

Wild Card?

Wild Card?There has been no mention of the World Bank IFC in all this. They are not identified as participating shareholders, but they hold about 10 million shares. They will suffer the same proportion of dilution as us, dropping from about 10% equity in EOM to about 3% if the planned dilution is successful under a yes, or a no vote with the CVR.

My guess is they will probably abstain from voting. Anyone have any info on this? If the board talks them into voting yes or they give the board their proxy, the proposition will pass. Of course I am assuming they are classed as "disinterested".
Bullboard Posts