I actually can't believe they've pulled off something this big, especially after the Solomons!
I'll go through every detail later today/tonight but some parts that are jumping out are:
- MNC and Andes are merging
- Will own a massive portfolio within 30km's of 40Moz Gold
- Sandfire Reources (SFR) to become Major holder of MNC (currently own ~20% of Andes)
- Andes (and new MNC) Directors to become Major holders of MNC (currently own 25% of Andes)
- Raising $4m cash
- Chuscal to be drilled shortly
- RMB payment to be settled via $2.5m in shares
- Andes tenements right next to Nick's/Anglo's massive $40B+ Nuevo Chaquiro discovery (one gold/copper porphyry target is 22km's away)
- Consolidation to occur once everything is finalised (share price will be 6c+ per share and ~200 million share on issue)
Cheers,
GB.
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