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Re: Kitty9901 post# 7020

Monday, 04/05/2021 12:33:00 PM

Monday, April 05, 2021 12:33:00 PM

Post# of 11721
That's great, maybe? As I read this I get the impression that Macquarie Metals Ltd. will really be the winner here by reverse merging into Brookmount. There's a few things in this news release that just don't add up.

It seems that Brookmount's claim that they will end up owning up to a 100% of the shares of Macquarie Metals Ltd. is a little misleading. At the end of the day isn't it Macquarie Metals Ltd. that will end up owning a 75% majority interest in Brookmount through this reverse merger? And, beyond the possible change in company name and added assets, I'm not sure this is a good thing as we will also be on the hook for the outstanding liabilities and pending litigation.

Read the following and let me know your thoughts in case I'm not seeing the big picture.

https://www.bloomberg.com/press-releases/2020-10-08/lions-bay-capital-inc-provides-update-on-proposed-acquisition-of-south-african-gold-interest

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