To: labaguette who wrote (14055 ) 12/23/2015 2:11:42 PM From: JW@KSC 2 RecommendationsRecommended By
Read Replies (1) | Respond to Getting back to the NV GOLD CORP PURCHASE, - JUST READ IT,,,,TO BELIEVE IT ! THIS DD COMPOSITION GETS BETTER AND BETTER AS IT GOES ON, IT GETS INTO SOME JUICY DETAILS. Adding to Gold Bar is definitively a Plus. Since the purchase was made by MUX, and not Evanachan. Where is this $450M coming from? I also noticed the what seem to be conflicting statements in the Press release, although it does not bother me at all as far as adding to the MUX Gold producing Property From a Company standpoint. to McEwen for US$450,000 . Since the transaction represents a sale of substantially all of the Company's undertaking Then States is retaining SwissGold Exploration AG retaining SwissGold Exploration AG, the owner of its Surselva property. The Special Committee also wishes to acknowledge Mr. Watson's contribution to securing additional value from McEwen by agreeing to enter into the Support Agreement."This doesn't bother me, because essentially the SwissGold is a dead project anyway. ( I could expand on this, when I have time, if there's any interest) The way everything feel that took place since Nov 27, 2015 is weird when it comes to John Watson. The Company formed a Special Committee of non-conflicted directors to consider the Company’s financial position and its options and the interests of all shareholders. So MUX paid $95,374. More than the offer by the Mr. Watson. Perhaps this is cheaper than had MUX waited perhaps Watson would have Priced Gouged and it would cost more........ Read On. From what I read, Mr Watson has been paid $25,000 a month as a Salary, up from $22,000 last year, but has not been paid for some time allowing the Debt owed to him to accumulate. NV Gold (NVX.v): A late Friday classic NR Continues here . The company will use all proceeds from the sale originally to repay all debts owed to Mr Watson. . This transaction allows the Company to use a sale of assets that were not attracting investment interest to fund repayment of the substantial debt it owes Mr. Watson from cash loans and other expenses incurred by Mr. Watson on behalf of the Company. On completion of the transaction the Company will be in a much better position to pursue other business opportunities.” This from the original deal (pending a better offer) on Nov. 27 2015 see PR Link Nv Gold To Sell Properties And Repay Debt NV GOLD PR 12-21-15 Nv Gold Reaches Agreement With Mcewen Mining To Sell Afgan-Kobeh Property For US$450,000 I can't tell if we are actually getting the SwissGold AG and it's Property in the deal or not ? But it would have been a nice place to retire and pan for gold if MUX owned it and would allow shareholders pan for gold there.A quick 45 second arial view of the Area. Arial View Video 45 Sec. Area Video 45 Seconds. Area Video 45 Seconds
