incorrect .. this entire deal is based on the closing of the agreement .. NMGL buying 100 % of the mines and selling the mines
(d) It is anticipated that Purchaser will offer to purchase the remaining shares of Bouse Gold Inc. and South Copperstone Inc. for Series A Preferred Shares and Series B Preferred Shares at the same price per share that is being paid pursuant to Section 1.02 in order to acquire a 100% ownership interest in both companies. Seller will use its best efforts to assist in obtaining the agreement of the other shareholders in these companies although it cannot guaranty their acceptance of such an offer.
(e) It is anticipated that Western’s corporate parent will distribute the Preferred Shares to its shareholders, and will initiate all necessary corporate action with FINRA and the DTCC to set a “record date” and “pay date” upon the execution and delivery of this Agreement. Purchaser will cooperate in good faith in the efforts of Western’s corporate parent to complete this distribution. Assuming that Western’s corporate parent has 74,813,049,643 shares of common stock issued and outstanding, this would be a distribution of 0.00016168455 shares (rounded up) of Purchaser’s Series A Preferred Stock per 1 (One) share of common stock of Western’s corporate parent, and 0.0003921002 shares (rounded up) of Purchaser’s Series B Preferred Stock per 1 (One) share of common stock of Western’s corporate parent, or a total value of US$0.003449 per share of the common stock of Western’s corporate parent.