Post by
elitespooner on Jan 25, 2011 1:08pm
Take Over Bid
The sedar documents on CZZ and GBK seem to back up GBKs position.
.."The offer for the shares and the debentures are being made by Jien Canada Mining Ltd. (“Jien Canada”), a company jointly owned by the Company (25%) and JJ Holdco (75%). Jien Canada will be responsible subsequently for managing its operations."
..."On November 13, 2009, the Company tendered the 4,750,000 Canadian Royalties shares held as “available-for-sale” securities to Jien Canada as its investment in Jien Canada."
..."Jilin Jien is responsible for providing 100% of the funding to bring the Nunavik Nickel Project into production and will be repaid for its contribution out of cash flow from production on the property if commercial production occurs."