Thanks for the update Leigh. Still looking for some answers into the finders fee for Primo's Private placement. If you can contribute being in Vancouver it would be appreciated.
Here an extract of Golden Peaks News release after it was halted at the request of the CDNX.
"In addition, Golden Peaks has made the payment due to the vendors of the Sierra de las Minas Property, Argentina, as necessary to continue the underlying agreement in good standing until April 1, 2001. Under the joint venture agreement of May 23, 1996 between Golden Peaks and Primo, this payment was required to be made on a 50/50 basis, however, Primo has not advanced its share of the required payment and is, therefore, in default under the joint venture agreement. Golden Peaks is currently considering its available remedies in light of this default. Primo has previously elected not to contribute to the current Sierra de las Minas exploration budget, and its interest in the project is currently being diluted as a result."
Could this indicate that whoever is behind Primo before and now is simply defaulting intentionally? Phase II has been completed now and Phase III is next. Should the leftover "non insider" investors before the 4:1 reverse split have any hope in possibly break even with Primo with Ken Cabianca hired as consultant paying finders fee to a Sarah Cabianca??????? Hmmmmmmmmm, any "insider" information available here would be appreciated, without breaking the law of course! |
