Ann: Agreement to Purchase North Minerals Pty Ltd, page-16

re: Ann: Agreement to Purchase North Minerals... for whatever reason, it certainly is worth keeping an eye on developments. north minerals, according to a newspaper report (m.theaustralian.com.au/BusinessBreakingNews/fi182389.htm)
millions of shares were issued to people in the previous weeks, and it seems that some of these people seem to be linked to scook. one wonders at what price the shares were issued. of course, the deal has not been approved by shareholders - but but but

mmmmm - an in specie distribution of free eclipse shares, and options, to the shareholders of duo.!!!! the prospectus indicates that whitvista was issued with 20 million shares. the shareholders of north mining will get another 25m shares. out of a total of 80 million shares in duo (assuming that the 25 million shares will be issued), whitvista and north mining shareholders will own about 45 million of them. if there is an an in specie distribution, then these holders will collect about 56% of any shares issued.

there will probably be no escrow period, on any shares, in eclipse, which are distributed to duo shareholders. whitvista would probably get about 5 or 6 million tradeable shares , and options, in eclipse