via McCarthy - Mechanics Of The Squeeze Out

A going private transaction may not be the goal of the company, but a plan of arrangement years in the making and anticipated through the years of the gold price correction may be occurring.

What might transpire is a shareholder squeeze out, a shareholder eviction, but not necessarily a going private transaction. A business combination with Lincoln Mining is clearly being anticipated here. The combined company will probably continue to trade publicly. An incorporation of a shell company to carry out the business combination is not required, because both companies exist already. Very highly likely the notice to a default is going to force the transaction.

The simple remedy in all the complexity is to buy sufficient shares of GBN.V. (est. 1m.+) GBN.V would be corporation B in this case. The business combination would have been approved during the proxy vote last year. Probably the shareholders of Lincoln Mining are unaware what they voted for in their proxy vote as have shareholders of Golden Band.

Note that the share price is being kept at 0.005 cents.

"II. Mechanics of the Squeeze-out

The typical squeeze-out is structured as follows. The majority of Corporation A incorporates Corporation B of which they hold all the common shares. The majority then proposes that Corporations A and B be amalgamated and continued as Corporation B. The amalgamation is approved by special resolution of the shareholders of each amalgamating corporation. As part of the amalgamation, the common shares of Corporation A are exchanged for redeemable preference shares in Corporation B. The preference shares are then redeemed at a specific price. The minority shareholders are evicted. The majority shareholders retain 100% ownership of the common shares of the amalgamated corporation."

GLTA

http://www.mccarthy.ca/article_detail.aspx?id=2717

-F6