Multi-Metal Development Corp. (MLYCF)

[DrBill1]

http://www.mosquitogold.com/i/pdf/MSQPresentationmay09_web.pdf

Page 31 of above presentation refers to ownership of Cariboo. Not mentioned much since but I believe I also saw it in more recent SEDAR filing.

[Note: Wayside referenced above was predecessor to BGM]


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And, referring to Bonanza Ledge ownership



http://www.mininginteractive.com/index.php?option=com_acymailing&ctrl=archive&task=view&mailid=35&key=f7b39dd236893876668fdfeea40dc064

[Specific wording follows]

"Joint Venture partner Barkerville Gold Mines Ltd (Barkerville) has announced that they intend to place the Bonanza Ledge gold property into production at a rate of 70,000 tonnes per year. Under a 1994 Agreement with Barkerville Mosquito currently owns a 50% interest and a 3% royalty in the Bonanza Ledge and also in the nearby Cariboo Gold Quartz Mine. Under the terms of that agreement Barkerville must complete a positive bankable feasibility study prior to earning its 50% interest in the property (the 3% royalty on the entire project is retained by Mosquito)."


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Question Is: Who owns these properties? Looks like BGM may not own 100%. If MSQ owns 50% or ???% what cash flows can MSQ reasonably expect as BGM brings the projects into production. I'm trying to reach Management to discuss.

Any info posters may have on project ownership appreciated.
Regards,
DrBill