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Gold/Mining/Energy : MIRANDOR-MIQ ON MONTREAL
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To: tanoose who wrote (2413)2/16/1999 9:30:00 PM
From: joe minten  Read Replies (1) of 2635
 
Hi Frank. There is a Brex thread here on SI. It explains the relative relationships reasonably well. Basically, Brex was to acquire 50% of POD. They were not able to pay all the money. Then comes Kinross. After seemingly much negotiation, Brex ended up with 50% of MIQ's share of POD ( 25% if K gets 1/2 of total), with no more financial obligations. If you check the directors of both BX, and MIQ, you'll find some interesting similarities. I hope this helps.

Take care

joe
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