Copper King Mining Corporation fka CPRKQ

[Fairways18]

Is is my understanding that "creditors" include all classes of creditors which includes shareholders. It is also my understanding that the intent of the offer is to pay off all the debt. If so, then the investor gets 70%, Watley gets 1.5% and the shareholders would get 28.5%.

This may be hard to understand for some but under the terms of the MOU, today's pps is factoring in a total valuation of the company of about $46 million (assuming current shares account for 28.5% of the total).

Everyone can make up their own mind on what the real value of the company is but I have always used a minimum of $100 mil in my analysis.

I hope and expect the terms to get better as new deals come forward. One thing we need to understand is that any new investor will likely be very motivated to increase the total value of the company. They will likely bring in competent management and more funding to invest in drilling, SX/EW, moving to a better exchange, etc. Even though we may have a smaller piece of the company going forward, I will be happy to ride the coattails of someone motivated to make this project everything we all believed it could be.

F18