Tara Gold Resources (fka TRGD)

[Sam Dan]

Apparently Tara Gold had lent Tara Minerals money to acquire properties and start construction of their Don Ramon mill. In return Tara Gold received a convertible debenture which they now have converted.
Originally Tara Gold held 80% of the outstanding shares of Tara Minerals. Subsequently further PPs to others provided monies to Tara Minerals which reduced Tara Gold's holdings to 76 % of Tara Minerals shares.
The 8,750,440 shares of Tara Minerals that Tara Gold received under the conversion now restores Tara Gold's 80% holding of Tara Mineral's fully diluted shares.This also increased the shares outstanding of Tara Minerals to approximately 50 million shares.