BRO-X MINERALS (C.BXO) Message Board

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Gold/Mining/Energy : BRO-X MINERALS (C.BXO)

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To: alan holman who wrote (266)	9/15/1998 8:54:00 AM
From: the Chief	Read Replies (2) of 363

Hi Alan. Just a theory! Macdonald Oil needs money for a drill program. Money for juniors is "tight" to say the least. We'll say they need $750,000! There stock is presently selling for .05c! If they were to try to get this money on the open market they would likely have to put out a PP in the 2-3c range. This would result in a dillution of 30,000,000 shares(approx)! So Bro-X/Macdonald approach each other and swing the deal for the $750,000 in the bank and the amalgamation of the companies!! Amalco gets $750,000 for a much lesser share dillution and Bro-X gets a new lease on life! Just a theory....can't see any other advantage for Mac, at this point!! the Chief

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