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Re: iceinfernno post# 76844

Tuesday, 12/06/2011 1:09:04 PM

Tuesday, December 06, 2011 1:09:04 PM

Post# of 83044
As I understand it, CS is the company formed by some folks with the money to buy out almost all of our debt and take it on themselves. They made an agreement with the old BOD, which the new BOD found they needed to honor, that sold all the CPRKQ assets to CS in exchange for leaving us (almost?) debt free. CS settled the law suit with PN, so that is no longer over our heads. CPRKQ (us) got to own only 1% of CS, with some option to buy another 2% at some fixed price.
So pretty much forget the old mill and mining leases, unless CS decides they want us to take on the development of the the assets that they own.
The POR hopefully will explain what we will do as a born again company. The BOD is rumored to have been working hard behind the scenes to give us a running start.
We all wait for the PR and the POR. (Lets hope that is not a zero in the p "0" R.

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