Peruvian Gold Ltd. PVO Message Board

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Gold/Mining/Energy : Peruvian Gold Ltd. PVO

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To: ralfph who wrote (879)	10/24/2000 1:02:31 AM
From: kidl	Read Replies (1) of 892

I just reread page 20 and would like to comment as follows: The finders fee of approximately $1.3 Mil. sounds rich at first glance but really only amounts to less than 3% of the total deal value. PVO’s 10 Mil. in cash buys 22% of Patriot: 10 Mil. / 22 * 100 = 45 Mil. The warrants for the 2 Mil. bridge loan are only excercisable if the RTO and the proposed financing go through. Sounds to me like an interest free loan in exchange for warrants ranging from $2.50 to $3.00 that have to be excercised by Aug. 2001. Pretty well in line with the proposed PP pricing. Unless I’m missing something, I see no reason to scream.

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