Re: Maxim Finskiy Agrees to Acquire Securities of Century Mining Corporation
posted on
Dec 23, 2009 08:08PM
It is pretty much what I expected. It kind of sucks the extent of the dilution that we are seeing but, we can't do anything without that money. It is just a required step to move forward to getting this into production. I expect that the "considerations" that are involved has something to do with the pre-paid gold price for the $33M of financing from the international bank. Hopefully we see everything closed out next week. I expect we'll know sooner rather than later. When it comes down to it we have just had a buy in from a very smart business man that is a specialist in the gold industry. Finskiy wants to get Century to 300k+ ounces/year and he has deep enough pockets to help that along.
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