Ann: CRB Agrees Terms for Remaining 25% Interest in Mount Morgan, page-3

Looks like a pretty good deal to acquire the remaining 25% of the project and clean up the ownership structure for funding discussions. Also means RBM needs the project to be successful for them to get their payday instead of it being a cash deal which is pretty fair to both parties

assuming the vwap for the $2.3M is 15c (i think that reasonable), it would represent total ~40m shares plus the 1% royalty

with CRB having 190m shares on issue, and that theoretically worth 75% of the project, does this deal represent about 20m less shares than straight equity dilution, with the bonus of the 50m shares on production cancellation? feel like i might be overplaying what it may have been as it looks like a pretty good result for CRB shareholders

look forward to others thoughts