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Pastimes : Zenyatta Free Speech Board

ZEN 77.48

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Nov 21 4:00 PM EST

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From: Fact Czecher	5/7/2018 1:50:52 PM
	of 22811

There seems to be a lot of surprise, consternation, indignation and teeth gnashing on the ZEN Pumper Boards over ZEN's Net Smelter Return (NSR) royalty obligations. How can anyone be surprised? Did the "educated investors" not read Section 4 of their own PEA? It clearly states that Cliffs was granted an NSR of 0.75% on Claim Block 4F in 2012 It also details that Eveleigh Geological Consulting was granted an NSR of 2.00% on Claim Block 4F in 2009. Both NSR grants include partial buyback provisions. The Cliffs NSR information was available to all ZEN investors that made their investment decision after November, 2012. The EGC NSR information was available to all investors at the time of ZEN's IPO.

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