RNC Gold Inc fka RNC

[amarksp]

Do not sell at C$.67 tomorrow, IMO, which is implied value of RNC at .12 shares of YRI.

The Bonanza mine is not included in the transaction:
"The acquisition will include the exploration properties surrounding the Hemco/Bonanza Mine exploitation concession in Nicaragua currently held by a subsidiary of RNC but not the exploitation concession containing the Hemco/Bonanza Mine which will be sold to a RNC management group, subject to Yamana having the option to re-acquire the mine within a period of two years."

My interpretation is RNC will have to offer shareholders fair and reasonable compensation for Bonanza mine which a RNC management group is taking over. At a minimum, this should be C$.10 more than C$.67 so buy on the open if RNC trading at C$.67 would seem viable strategy if my interpretation is correct...

Yamana may well be buying more shares tomorrow at the open to increase its ownership at bargain prices...?