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Message: Re: Carmi Moly Project
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Aug 10, 2014 08:42PM

Policy 5.3 of the TSX Corporate Governance, section 2.6 states this below. To be interpreted as meaning that the company is obligated to justify the price paid for any property?

Issuer’s Obligations
2.6 Whether or not the Exchange reviews a transaction, the Issuer should be satisfied with the material aspects of the transaction, including that:
(a) the consideration payable for the acquisition of the asset, business, property or interest (and any related finder’s fee) is reasonable;

I do not feel that the prices paid for many B.C. properties was/is reasonable.

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