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benlurkn

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benlurkn

Re: None

Tuesday, 06/28/2016 12:29:32 PM

Tuesday, June 28, 2016 12:29:32 PM

Post# of 58279
"A further $22,000 is also being financed by Tangiers to cover the costs of the Registration Statement. This funding is in the form of a Note, convertible into restricted common stock at a fixed price of $0.03. The Note can also be repaid in cash by the Company at its option."

"Tangiers has been issued 4,000,000 five year warrants with a strike price of $0.02 as a commitment fee."

Tangiers not really making much money off of the deal until our SP is at least above .02 or .03. They know what is coming from $PGEI as they have been privy to current financials and projections which we have yet to see. And they seem to see a $PGEI share price of much higher than $.03. IMHO
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