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Gold/Mining/Energy : RIOSUN--TRIPLED SINCE DEC 1st -- Ignore unavailable to you. Want to Upgrade?


To: Flea who wrote (192)7/6/1998 1:22:00 AM
From: M. Gunther  Read Replies (1) | Respond to of 208
 
My English is not good. I cannot understand the news release.

Can someone explain the Jun 26 1998 news ? EXIMAD is 100% own by RSR ? EXIMAD jv with Family Holdings Groupe on four concessions, belong to Family Holdings Group ?

One of four concession is existing mining operation ? What is the prove of history and record of mining operation ? Family Holding Group put $500,000 private placement into RSR for 1,000,000 shares at 50 cents ? Family can get another 1,000,000 shares from production and cash flow ?

Eximad get 75% and Family 25% ? This is a very funny business. RSR/Eximad don't pay anything and get 75% of JV. They also get $500,000 private placement from Family Holdings Group. Look like scheme to give a lot of shares to Family Holdings Group.

M.Gunther