CWRN,the parent,is domiciled in Nevada,as are many companies due to benefits of incorporating in TX (and also Delaware).
Corporate offices are still officially in Texas,since the BOD rejected a possible plan to move HQ to San Diego.
However,as noted in previous postings the operational arm of the BOD has been encamped in Ensenada de facto operational HQ.
CWRN is the same Co irregardless of any name change to better reflect the Mexican oprerations.
CWRN owns and is investigating several concessions-e.g. see pictures posted by itmd showing Bob/Sharon on a break/working lunch? while investigating other concessions or possible concessions in S. Mexico.
The shares apply to the entire company and are not parcelled out among diferent concessions.
The Mexican Sub is a wholly owned subsidiary of CWRN domiciled(legally registered as per Mexican law)in Mexico.
This is all normal-nothing unusual-typical organization and law.
The only unusual thing is that the Presidents of the 2 domiciles are married to each other and get along(which benefits the stockholders,and Sharon has investigated mining opportunities in many countries as per Bullitt and has related degrees-she is not just a pretty face),besides the legal agreements that tie the 2 companies together.
BOD(CWRN) owns 60% or so of shares and plans on retiring a significant amount of the float(and commensurately CWRN BOD shares to keep the same 60% ratio as per PR)once there is operational revenue.
Nothing unusual. The sky is not falling,as nellies are always apt to believe.
