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skitahoe

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skitahoe

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Thursday, 10/27/2005 1:02:42 AM

Thursday, October 27, 2005 1:02:42 AM

Post# of 8728
Did everyone see the news on MAGR today? Reno has sold his preferred stock to a Chinese Lighting Company who's taking over the management. You can read about it over on Yahoo.

I don't know anything about the company other then the fact they're supposed to be successful. Hopefully they have the financial support needed to at least meet MAGR's side of the Placer Dome partnership. Perhaps they have the resources to also develop a mine themselves.

Hopefully in the near future we'll learn far more about them as well as the mining claims that they now own a controlling interest in.

Gary
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