Eastwest, the announcement was made on 13th July but no mention of date of agreement. Assume it was after 30th June. However does not take away the fact that True North Copper is owned by a foreign entity and requires FIRB approvals. The owners is the offshore company should be identified as a matter of transparency. Shareholders are entitled to know who they just issued 10% of the company to (at that time) 75million TBA shares and $1.5m cash. No independent valuation ever surfaced that I saw. The last company that mined those tenements we purchased from True North Copper, lost in vicinity of $50mand abandoned them.
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