Ann: BRIGHTSTAR AND KINGWEST RESOURCES AGREE STRATEGIC MERGER, page-11

The only thing that makes sense is for KWR to continue with the toll treating jv with BML and use any free cash to help fund BTR's plant refurbishment. Maybe this plan was in place prior to KWR raising $2.5m at .065 a few months back, as the sp has pretty much retreated since then, which of course helps the two companies set their respective ratios where they want them to be prior to the merger agreement.

As a KWR holder, I reckon our board is screwing us royally by picking a low sp point around 50% of the recent sp to do a deal. HRZ seems like a better fit for KWR as they are already a large shareholder and have history together.

And what's with 6 directors feeding at the trough? 3 is plenty for a smallish explorer with future production ambitions imo. Just another example of directors putting their own interests ahead of those of the shareholders. It's a firm NO from me.