I thought it was very generous of Tigers Realm Minerals (TRM) to give Mr Gray a 2 year 16.5 cent option over 70 million of their 120 million shares in TIG. And that they gave it for FREE is especially kind of them. TRM shareholders have been given a sandwich that looks, smells and probably tastes like something that came out of a dark hole where the sun doesn't shine. The TIG shareholders on the other hand have now got a funded project thanks to the TRM shareholders generosity.
I noticed the 'associates' tag and wonder what else has been going on as the document uses the words "amongst other things" apart from the Subscription Agreement.
Does anyone else think that there is a layer of disclosure which remains hidden?
I suppose we should wait for the yet to be released documents before making any judgements. Shareholders have to vote on all of this so there will be a great deal of information to come out yet.
BUT
If I was a sophisticated shareholder and a client of the broker doing the placement I would be wanting all information on the table before committing my money. The revelations from yesterdays marked up previously confidential Subscription Agreement/s confirm that TIG has been providing information to some investors but not others. A placement investor as well as the SPP investors should all have access to the data room information that the russians had.
The placement investors are no less important to the future as the Russian investors. Why then should they be treated differently?
Why indeed?
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