From the announcement on 17 October 2013:
Mindoro have indicated that they do not intend to immediately distribute or trade the 100 million Shares
upon release of the escrow and they remain supportive of the Company’s efforts to build shareholder value.
From the announcement on 1 November 2013:
Red Mountain will also, subject to shareholder approval, “buy-back” and cancel 4 million of the 100 million
fully paid ordinary shares held by Mindoro in return for the Company relinquishing its contractual rights to
the low priority Tapian San Francisco Joint Venture exploration prospect on Mindanao Island in the
Philippines.
Today's announcement is not new or unexpected news nor will 96 million shares be on sale tomorrow morning.
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