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Western Exploration Inc V.WEX

Alternate Symbol(s):  WEXPF

Western Exploration Inc. is focused on gold and silver discoveries in Northern Nevada. The Company is engaged in the business of exploration, acquisition, development, and mining of precious metals and other mineral deposits in the State of Nevada. The Company's principal asset is the 100% owned Aura gold-silver project, located approximately 120 kilometers/75 miles north of the city of Elko, Nevada, and including three gold and silver deposits: Doby George, Gravel Creek, and Wood Gulch. The Aura project consists of 709 unpatented lode mining claims, totaling 12,848 acres, and mineral leases on 2,296 acres of fee land in nine different parcels. Doby George is a near-surface oxide deposit. The deposit is located approximately 130 kilometers north of Elko, a top mining jurisdiction in the world. Gravel Creek is a high-grade underground sulphide deposit. Wood Gulch is a past-producing, near-surface, oxide deposit.


TSXV:WEX - Post by User

Bullboard Posts
Comment by Valkrie99on Jan 22, 2018 11:08pm
46 Views
Post# 27413166

RE:u.s.$0.50

RE:u.s.$0.50Yes, as per that release (shares were purchased from Lance) they have a controlling interest.
This is what I was expecting as I noted on a few occasions before that this eventual plan to control was easily forseeable throught their actions over the two years.
My question is why are these guys exercising these rsu s now, with money that could be used to generate returns elsewhere?
Are these voting shares needed?
If EMR has controlling interest then why?
Relatively speaking it is not many shares but they wouldnt be exercised without reason.
I am just wondering if anyone can shed light on this?
Bullboard Posts