posted on
Oct 10, 2009 03:41PM

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Message: Re: Odd ???
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Another angle could be given the deal between VG and Lexam
The subscription agreement entered into by Lexam with VG Gold in relation to the
First Tranche and the Second Tranche provides, among other things, that, for a
period of five years following the closing of the First Tranche, Lexam will have the
right to nominate a director of VG Gold and a right to participate pro rata in future
VG Gold financings, provided Lexam’s aggregate interest remains above 10% of
the outstanding Common Shares (assuming the exercise of any Warrants held by
Lexam).
and if SGR were to acquire VG's 68% among other things, maybe the deal would be contingent upon Lexam getting a seat on SGR's board.
Might seem far fetched considering SGR's seemingly far superior fundamental position but at this point none of Ned's peeps are on the board either.
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