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Message: Merry Christmas

Merry Christmas

posted on Dec 22, 2009 12:20PM

Thought I would be first here to be non polictically correct in using the term Merry Christmas. However if you celebrate something else then Happy Whatever to you too.

This from the Sedar filing. Posting it as I keep getting messages that the split if carried out will be 1:1 and I have trouble believing that.

Separation of Canadian and Guyanese Assets

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Shoreham’s Board of Directors have agreed to separate the Company’s Canadian and

Guyanese properties and have authorized management to obtain legal, accounting and

tax advice with respect to the Company’s intent to re-organize its mineral properties with a

view toward enhancing shareholder value. In particular, the Company proposes to transfer

its Guyanese properties to a new public company (Marudi Gold Corp.) pursuant to a plan

of arrangement transaction. The Company will continue to hold its Canadian properties.

Under the Plan of Arrangement, it is intended that the existing shareholders of the

Company on the date of record will also be the initial shareholders of the newly formed

company. The details of the share allocation ratio remain to be determined. It is expected

that the shares of the newly formed company will be listed on the TSX Venture Exchange.

..............................................................................

So has anyone got a better educated guess? On the bright side Dundee is back in buying today and we never got hit with a lot of tax selling.

And if you are reading this Glenn - may your troubles be behind you and may your health return to help us all through the completion of your dream and efforts in Shoreham.

To all - a Merry Christmas and a Happy New Year.

Even you Shaun at RM Communications. - :)

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