Thursday, September 17, 2009

The Special Meeting of Security Holders set for Oct. 27'09

The meeting is set for 42 days after the announcement. The date is within the 45 day close off timeframe. Hopefully 3 days is enough to close it off once shareholders approve the deal in about 40 days from now. If all the documents are in order then it should be. At least they have now published a firm date. Everything has been negotiated already and disclosed to the public, including names of the high profile investors (at least on the equity front). No haggling on jurisdiction type issues will be required, like the recent Far East financing situation. Also, no uncertainty about whether the investor will be forced to suddenly freeze investments due to being in the middle of Supreme Court (type) decisions, in the height of the greatest financial/economic meltdown in 80 years, like the Fortis situation. Everyone involved in this venture seems to want to immediately capitalize in the once in a lifetime opportunity the high gold price has presented to us, to create significant value via powerful public market forces. This is what is seems like anyway. If such is truly the case then the next 45 days should go smoothly.

The meeting info is on Sedar:
Meeting Location (if available): Vancouver Club 915 W. Hastings St. Vancouver BC

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