Post by
Dirt2Oil13 on Nov 03, 2016 2:19pm
Yes GEMC application filed to start trading
With most of the difficult paper work in to be listed done it is know in the hands of the lawyers and Exchange to finialize paper work.Now working to complete 43-101 Which they were working on before they stopped to concentrate on Karakul.43-101 must be completed to put accurate value on Werner lake in the begining IMHL was willing to value Werner Lake at .60 cents per share even before 43-101 done.Also new partners need to be sure of value.Also looking at new assets and ventures but no news will come out till after relisting is complete so that value will effect share price moving forward .Dirt2Oil13
Comment by
mooseslayer on Nov 03, 2016 2:22pm
Good to hear something is happening. I haven't a clue what this will trade at. s anyone know how much money GEM will have when they start trading?
Comment by
Dirt2Oil13 on Nov 03, 2016 2:24pm
Guess it is just listing not relisting never traded before.Dirt2Oil13
Comment by
Winwarrior on Nov 03, 2016 2:24pm
Dirt2Oil13 . . . do you how many outstanding shares there were when IMHL was thinking .60?
Comment by
Dirt2Oil13 on Nov 03, 2016 3:11pm
No sorry but that was in parfa agreement and it is 220 pages.Also ERDB invested 21 million in IMHL\ Karakul not 30 million. Information on ERDB website just search GCO. GEMC will list a $0.15 when it lists as per Plan of Arangement from last Private Placement.Dirt2Oil13