Yes CJR it sure seems there is a lot happening in the month of June. June 10 is when Rusoro's loan is due. The easiest way out for them is to have their share price spike for some reason to C$1.25 because the loan is convertible to shares at that price. That would be a pretty big jump in a short period of time and would have to be some pretty big news for that to happen.
I am wondering why KRY's potential investor is beginning their possible conversion date on May 31. These investors obviously approached KRY (or vice versa) after the new year began and before their 10k so when this potential deal was struck why did they not begin the date May 31 and not when this agreement happened?