Followers | 141 |
Posts | 5891 |
Boards Moderated | 0 |
Alias Born | 10/27/2003 |
Tuesday, June 06, 2017 7:29:24 AM
With Auryn's previously-stated intention to go public to access the US capital markets, they could do so quickly, easily and most cost effectively by reverse merging into a clean US shell. In this case, it appears that shell would be CDCH.
The fact that CDCH now shares the same BOD as MDMN and Auryn granted CDCH the same 0% lifeline loan to CDCH that they did to MDMN, without having any (publicly disclosed) significant shareholders in Cerro Dorado, indicates that Auryn has a somewhat vested interest in seeing CDCH survive. CDCH is a far cleaner shell and doesn't have all of the legal and structural baggage that MDMN is currently mired in. Auryn could reverse merge into Cerro, dilute current CDCH shareholders by 95% (because CDCH owns 5% of Auryn) and then MDMN shareholders would eventually convert their shares into CDCH shares once the MDMN share counts are finalized/verified.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM