If Ivory is a private company, what party is the wholly owned subsidiary? - supposedly this is Sillenger Exploration Corp. which is a public listed company. To benefit from actions based upon survey results would you invest in Brilliant or Sillenger Exp Corp?
BRILLIANT MINING ANNOUNCES $27.7 MILLION TRANSACTION December 1, 2010
Edmonton, Alberta – Brilliant Mining Corp. (BLT: TSX-V) (the “Company” or “Brilliant”) is pleased to announce that it has entered into a Memorandum of Understanding (“MOU”) with Salida Capital L.P. (“Salida”), whereby the Company will complete a private placement with a number of parties, including Salida, in conjunction with the acquisition of Ivory Resources Inc. (“Ivory”), a private companywhich holds the rights to carry out an airborne geophysical survey in several west African countries and certain preferential rights to acquire mineral interests based on the results of the survey.
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