Elgin Mining Inc ELGMF

$ 5000,000 /17 cents= 29,411,764.7 new shares

[pecorina]

coming our way as ELG brass, no doubt, wont find the logic to
pay the loan. Glorious dilution or legal "theft" by the clique.

This clique in power is on the best way to caputre the "Aurelian"
trophy!  Good night, "common" shareholder in Canadian junior
mining.
Ciao
Tina

[profess]

pecorina I believe the share purchase price is 15.7 cents not 17. I agree that Mandalay is milking this deal for all it's worth.  Excessive dilution is not what any Elgin shareholder wants to see - especially at deeply discounted prices.  Essentially Elgin is handing over ~15% of their company (in stock) for consideration of the $5 million loan.  Elgin could have done a lot