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Gold/Mining/Energy : RIS Resources International Corp, RIS-V -- Ignore unavailable to you. Want to Upgrade?

To: lostmymoney who wrote (188)9/1/1998 6:56:00 PM
From: Brian Diggle  Read Replies (2) | Respond to of 250
 
I would suspect that RIS couldn't get all the financing required for the 50%. This is not too surprising given the recent stock price and natural gas price.

However, they do have an option to increase their holdings to 50% in the next year.

If you go back to the original press release (March??) the deal was to buy 25% in 1998 & 25% in 1999, so we're still ahead of the original deal.

Yours truly,

Brian Diggle


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