This has to do with the spin out of Red Ore from Galahad. Part of the things necessary for Red Ore to begin trading is to have a minimum of 200 individual shareholders. As it has been an extremely difficult market to raise money in, the thinking here is by spinning out Red Ore to Galahad shareholders, they will get their 200 share holders easily. As a shareholder of Galahad, you should receive 1000 Red Ore shares for every 20 000 shares of Galahad.

Hope this helps. Rather tired and hoping this makes sense. Goodnight.

Glorieux