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 > New Press Release - Eco Oro Enters Into a US$6 Million Credit Facility

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Comment by TiredofWatingon Sep 20, 2023 9:56am

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Post# 35645114

RE:New Press Release - Eco Oro Enters Into a US$6 Million Credit Facility

This does seem to suggest preparation for a resolution.

The distribution waterfall seems to have shifted from 90% to 95% allocation to the CVR holders.

So, with a $700M award, only $35M goes to the shareholders, which divided by 100M oustanding shares means a share price of 35 cents. With all of the other allocations, it is more like 20-25 cents.

I once hoped for a dollar, then 50 cents, now we'd be luck to get 20 cents.

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