RE:RE:the mexican assetsHoldYourStocks wrote: What the f***.
Richard Young is giving away our assets.
5 mil. for 150 mil. + 2% + 20 mil + 2 producing goldmines + 2 projects. This is outrageous. How can this be legal.
Aren't we (the shareholders) to be asked?
"
The Company will acquire the Projects in exchange for US$5 million, payable on closing. The Transaction is expected to close in October 2024. As a condition to closing of the Transaction, Heliostar and FCGI will enter into an agreement eliminating (a) up to US$20 million in contingent payments, which become payable to FCGI pursuant to the agreement under which Heliostar acquired the Ana Paula Project, and (b) up to US$150 million in conditional option payments and the issuance of a 2% net smelter returns royalty on the San Antonio Project, which might have become payable pursuant to the agreement under which Heliostar acquired an option on the San Antonio Project."
R.Young has nothing to do with FC
3 people in management
1 on board of directors
all the other rats jumped ship