Marquest has basically bought Matrix and absorbed their share position in everything including Commerce Resources Corp.
Both Matrix and Marquest are active participants in “Flow Through” financings, which if I have not explained before, please let me know.
Overall, the President of Marquest, Gerry Brockelsby, told me just at the beginning of this year, that he wanted Marquest to continue to hold approximately 9.9% of Commerce Resources, as he felt that we are a huge opportunity for his fund. This is interesting because he had not ever stated something like this before – as the fund was historically just a “Flow Through” fund – so this was good news to hear.
CG
I would expect that this is still their intention – to hold just under 10% of CCE – for the long haul. However, I will send this information to my associates at Marquest to double check. |