Kerrs Questions...
posted on
Aug 19, 2008 05:30AM
Focused on becoming a near-term Gold Producer
Opps.. forgot to post as "question for Agoracom"...
As per recently released 'Technical Report on Kerrs Gold Property'
"On May 15, 2008, the phase 2 extended drilling program commenced with the completion of one drill hole to provide sufficient costing to meet the prior expenditure commitment of $100,000 for a qualifying transaction." and... "The drill core from hole K-08-20 was logged with no sample intervals identified until approval for the phase 3 program is granted by SOR."
Questions:
Does this mean hole K-08-20 has not been assayed? If so, is this because of pending closure of amalgamation of LRU.p and SOR?
Also, how many shares of amalgamated 'LRU.p-SOR' company will SGX receive upon closing? (I have done calculations but would like to confirm from company)
Also, does SGX have plans to exercise its right to purchase an additional 500k shares of SOR by way of private placement? (this is of obvious importance as it will significantly increase SGX ownership stake in amalgamated LRU.p-SOR company)
Also, we have been told SGX has altered drilling plans in light of EXS-v recent discovery. Will the location of these new holes be further south-east (i.e. closer to EXS-SGX property boundary)? If so, how close will these holes be to EXS-SGX boundary?
Also, will amalgamated 'LRU.p-SOR' company begin trading immediately after amalgamation closes (anticipated closure date of August 29, 2008)?
Also, will drilling commence immediately after amalgamation closes (anticipated closure date of August 29, 2008)?
Thanks in advance.
red911