TAG Minerals, Inc. DOES own 49% of TAG-Z. However, LLSR only owns a 67% interest in TAG Minerals, Inc. So LLSR's actual interest in TAG-Z is only 33%.
"TAG Minerals Inc. on January 4, 2011, then amended on April 2, 2011 acquired a 49% interest in TAG – Z for a 33% interest in
TAG. The remaining 51% ownership in TAG – Z is held by a Director of the Company, a Zimbabwe resident, Tapiwa Gurupira.
TAG – Z will be the operating arm of TAG, initially, -, with the Company being the primary beneficiary of all the activities of its
subsidiary, TAG, and their associated company TAG – Z."
One of the results of this transaction is a further loss of transparency as, "All significant intercompany accounts and
transactions have been eliminated in consolidation."