Gold Exploration in West Africa

[FL]

It's outrageous for Champion to announce the Bole Project deal if that property will not even belong to the renamed Champion (the post-merger Red Back Mining). On March 23 Champion annouced:

"VANCOUVER, BRITISH COLUMBIA--(CHA - TSXV) ...
CHAMPION RESOURCES INC. (the
"Company") reports that Red Back Mining NL ("Red Back", ASX:RBK) has announced a joint venture with Takoradi Limited ("Takoradi") (ASX:TKG) to explore the Bole Project covering the largest undeveloped gold deposit in northern Ghana.
The Bole Joint Venture comprises four Prospecting Licences held by Takoradi's 80% owned subsidiary, Northern Goldfields Limited ("Northern") and a surrounding Reconnaissance Licence Application by Red Back which together cover an area of approximately 2250 square kilometres. ..." ETC.

You can read the whole Champion announcement at:

http://www.cdnx.com/LCDB/Filings.asp?PO_ID=17167&NR_MODE=1

(in Champion's Feb 23 Announcement).

If any officer of Champion or Red Back reads these messages, I suggest that you ensure that the two companies interpret the word "may" in the Merger agreement to mean that old Red Back might not elect to strip off these valuable northern Ghana properties from the merged company, and then old Red Back should elect to leave these properties in the new Red Back, thereby avoiding committing what would seem to be an otherwise scandalous deception.

FL