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Message: Shareholders Rights

Shareholders Rights

posted on May 07, 2008 11:10AM


After a n extensive search of Sedar, I finally located the shareholders rights documents, which are in the documentation for the extraordinary meetings of San Gold Corp and Gold City to form the Amalco, which became San Gold Corp as we now know it. It is an appendix to the meeting documents and is some 46 pages long. The gist of the document is that if a hostile takeover is launched and the hostile company aquires 15% of the shares from existing shareholders without director approval, existing shareholders will have the right to buy 100 times their current holding at $0.0001 per share, effectively diluting the stock to 25 billion shares. If you hold 1 Million shares you can buy an additional 100 Million for $10,000.00 dollars. FYI

HM

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May 07, 2008 01:43PM

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