Hey skyper,Extract from July 3 announcement."Summary of...

Hey skyper,

Extract from July 3 announcement.

"Summary of Transaction"
The acquisition of the Concessions is conditional upon AAF obtaining the necessary shareholder and regulatory approvals. Under the terms of the Agreement, and subject to satisfaction of the conditions referred to
above, AAF shall acquire a 75% interest in the Concessions by the issue of 200,000,000 shares in the capital of AAF at a deemed issue price of 1 cent each (Consideration Shares)to SAMR. SAMR has advised AAF that it intends to distribute the Consideration Shares in-specie to its shareholders.

General prospecting including the following is expected to commence shortly:
1) Desk top study of all available historical information.
2) Site visits including some very brief geological assessment.
3) Stream sediment sampling or soil sampling depending on the results from 1) and 2)
above.
4) This will be followed by more regional work including pitting, trenching and RC or air core drilling on selected targets.

Ask yourself one question, "why would they want to pay 1 cent per share"?. if i remember correctly, AAF were trading at around 0.006 cents at the time of this announcement.

DYOR.

Cheers
R