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Re: joseytheoutlawwales post# 6951

Tuesday, 05/19/2015 2:11:43 PM

Tuesday, May 19, 2015 2:11:43 PM

Post# of 25804
josey, TGC owns 20% of both PEL's.

This is a very surprising move. TGC and Perseville have control now via their joined 51% ownership in the joint operating agreement so it will be interesting to see what kind of agreement now comes out of this.

If they push this through then HENC wil need to come up with 5 million $, that will result in 25 million extra shares at 0,20 cents.
Or as an alternative they sell 10% ownership to another party instead of diluting.

Either way I hope a proper deal comes out of this since I have money in both.