Angers,
Thanks for the comments and I was well aware of the structure entered into.
It does not however explain what consideration was paid for the new acquisition i.e. did the subsidiary/ JV company dilute their shares further? Did they pay cash? Did they enter an agreement about drilling for a percentage of the tenement?
Mojo, these are reasonable questions to be asking as it is unusual for a company to purchase a tenement and not state what was paid. If it was a fantastic deal the directors should be saying, for example, we purchased this tenement for $1 and the share price will go up.
Like I said a little weird but anyway good luck I will leave it at that.
I am the Iceman!
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