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Re: xZx post# 9054

Saturday, 07/17/2010 8:32:06 PM

Saturday, July 17, 2010 8:32:06 PM

Post# of 173191
Currently, no other company is able to take over(buy out) Liberty Star Uranium without first making a superior offer towards the joint venture agreement(as finalized). Obtaining a controlling interest in the company would cause an "event of default" with regards to the loan, and security interest against all claims in Alaska.

11.1 The following shall be events of default (the “ Events of Default ”) under this Agreement:
(h) if there is, in the opinion of the Secured Party, a change in control of the Debtor.


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7353166#EX10-1_HTM__REF265170733

Any entity considering such, would not be entitled to Big Chunk Corp.(all claims and property in Alaska). On a further note, there are no anti-take over measures in the bylaws of this company.

The only debt holder is Northern Dynasty Minerals(Hunter Dickinson), and the books of the entire company are opened to them, and or the assignee, Pebble Limited Partnership(Northern Dynasty(Hunter Dickinson)and Anglo American).

This should lead you to a conclusion.
Volume:
Day Range:
Bid:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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