"""The Company wishes to clarify that in actual terms it has entered into a share purchase agreement, dated March 7, 2008, to acquire a 49% interest in a company, which holds the coal license located in Mongolia. The staged transaction, valued at about US$16.5 million will give Gulfside full operating rights and an indirect 49% interest in the Mongolian company and the coal license. The Company also has a letter of understanding allowing the Company to acquire the remaining 51% in the interest in the coal license, under certain conditions, up until January 31, 2009. To acquire its 49% interest, Gulfside is required to make staged payments as follows: pay US$300,000 upon execution of the agreement, which has been paid, and pay another US$700,000 and issue 5,981,622 common shares upon approval of the TSX Venture Exchange (“TSX”) for a 29% interest in the project; and pay 5,076,546 Euros or the equivalent of US$7,753,345 on or before April 15, 2008 for an additional 20% interest. These amounts have not been paid nor the shares issued and the Company is in the process of obtaining an extension to the agreement. """ www.sedar.com/DisplayCompanyDocuments.do News vom 30.04.2008 Um die 49% an dem Projekt zu erhalten sind mehrere Zahlungen von nöten,die alle bis jetzt nicht erbracht wurden sind.(sonst gäbe es ne offizielle Meldung dazu)
Bezahlt sind im Moment lediglich die 300.000$ (upon execution of the agreement),alles andere ist nicht bezahlt und folglich hat GMG rein gar nix vorzuweisen.
GMG ist in der Pflicht aber scheinbar ist das alles nicht so eilig und eine ausreichende Info-Politik den Shareholdern gegenüber nicht von nöten. ;-) |
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