ENERGIZER RESOURCES INC T.EGZ

From 4 Days Old Press Realise

[laszlo1]

What do you think about Molo 100% owned by Malagasy? - What happens with our shares? "The Company also notes that it issued 1,000,000 common shares and paid C$700,000 to Malagasy Minerals Ltd. ("Malagasy") pursuant to the Mineral Rights Agreement between the parties. Energizer was required to make this payment upon the conclusion of the Company's feasibility study as part of its agreement with Malagasy to acquire a 100% interest in the Molo Graphite Project, excluding a 1.5% net smelter royalty held in Malagasy's favour. Read more at https://www.stockhouse.com/news/press-releases/2015/08/01/energizer-resources-announces-the-conversion-of-special-warrants#Br3EAmSDjpQtpipq.99"

[riverrock]

According to the news release Energizer has paid according to the agreement excerpt: The Company also notes that it issued 1,000,000 common shares and paid C$700,000 to Malagasy Minerals Ltd. ("Malagasy") pursuant to the Mineral Rights Agreement between the parties. Energizer was required to make this payment upon the conclusion of the Company's feasibility study as part of its

[laszlo1]

riverrock This part is bothering me: "Malagasy to acquire a 100% interest in the Molo Graphite Project" Tx. Laszlo1

[MrAnderson]

You are taking a fragment of a sentence out of context.  If you read the entire sentence and understand english sentence structure correctly, it means that energizer is fullfilling a commitment to malagasy to ensure that energizer acquires a 100% interest in molo from malagasy.