RE:NewsSo 60,000,000 shares @ $0.05 + 30,000,000 warrants at $0.075, good for three years. There was little room left below and It had to firm up, but not to $0.05 oddly enuff. The warrant price is the new ceiling for this stock.
Listed Companies cannot finance lower than $0.05/share so JF's comment on "value" is kinda misleading.
This is basically a friendly takeover, for the company, and the BOD. Ormonde is essentially taking over TRU and the Golden Rose development for $3,000,000. A yard sale of sorts with TRU recouping some of their cumulative spend to date and bolstering the treasury for the next run? TRU did little more than surface work for the past few years, after drilling and hitting little. Apparently, they wanted out.