Alan,
You may thank them yet. I take them with a grain of salt but they do circulate info. HERE IS THE ATLANTA COMMENTARY:
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October 29, 1996
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Comments on the Proposed Arrangement Agreement
Re: Merger with Voisey Bay Resources
In our press release dated October 24, 1996 we outlined the intent, (upon a fairness opinion, regulatory and shareholder approval) of Atlanta Gold Corporation and Voisey Bay Resources to merge. We feel it is in the best interests of our shareholders to go forward on the jointly owned properties in Indonesia in a coordinated and cohesive fashion.
The proposed Arrangement Agreement will "separate" out the Boise, Idaho property so that current Atlanta shareholders maintain their interest in that property. The "NewCo" (new company to be named) will continue forward with the planned exploration programs in Indonesia on a "1 new for 2 old" basis for Atlanta shareholders and a "1 new for 1 old" basis for Voisey shareholders. For example, if you currently own 1000 shares of AAG, under the proposed arrangement, you would maintain 1000 shares of AAG, (Boise, Idaho property) and receive 500 shares of the "NewCo" (Indonesian properties).
We believe this to be an outstanding benefit to current Atlanta shareholders, as you retain 100% of your original interest in the Atlanta ore body, as well as 100% interest, (previously 50%) in a package of 7 strategically located properties in Indonesia. At present, geologists are confirming the data on the status quo properties and priorizing drill targets.
Should you have any further questions please do not hesitate to contact our office.
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Dan Byrne
P. S. Its a no brainer folks!! |
