As discussed on the ER board

http://agoracom.com/ir/Eastmain/forums/discussion/topics/664661-proxy-fight-robinson-family/messages/2084360#message

- The focus has been shifted somewhat to the "strategic investment" of ICG in ER, initially at 9.9% and later at a max of 15%.

- Revamping of the BoD of ER and the unseating of the CEO. Large institutional investors have not been happy with his ability to bring the excellent deposit at Eau Claire to the next level leading to production. ICG essentially walked in with an offer to ward off a proxy fight initiated by Columbus Gold. Apparently, G is one of the major shareholder (7.5%, could someone verify?).

The G factor is important from the big picture vantage point, since it would mean that G has entered the ICG theatre, and ELD now has a potential rival for Sigma/Lamaque scene. If ELD is not snappy, it may lose an opportunity to get a toehold in the Val d'Or area.

Suggestion for ELD: Ditch Greece (hopeless case) and come back to Canada quick. She's more stable and...more predictable, as far as investment climate is concerned.

GH