You haven´t been shafted by the RedOre spin-out, GAX still owns the (diluted) part of the assets.

Initially GAX owned 60% of the Bottle Creek Project, with Golden Gryphon (a private company) owning the remaining 40%.

Gax´ 60% were spun out to RedOre (RXX) and GAX received 8,953,360 shares for it (Consideration shares).

With the RedOre IPO, RXX will issue an additional 10,000,000 shares at $ 0.30 (plus 10,000,000 Warrants @ $ 0.40), bringing the total shares of RXX to 28,953,360 on a fully diluted basis.

GAX´consequently holds 31% of RedOre on a fully diluted basis, which is worth $ 2.69M based on the IPO price of RXX.

GAX shareholders will profit from any sp increase of RXX, because the book value of those shares would increase accordingly.

If GAX decides to sell these shares in the future, it will be additional money in the kitty.

FANTOMAS