There may be some legal issues that the principals are looking to resolve before the next move can be taken in regards to CWRN shareholders.
microcaps1 Sunday, 11/02/14 04:31:45 PM
Re: JohnCM post# 89278
Post # of 89419
"our cwrn shares stay the same - the PR was just about a dividend of kmg shares -which depending on what brad does in the future could be worth something"
News Release - ENSENADA, Mexico, May 28, 2013
"After careful consideration of all the options open to it, the Board of CWRN has adopted a Plan of Reorganization under which it spins off, pro rata to shareholders, a newly formed subsidiary, Kiliwa Mining Group, US, Inc. (KMG) which will hold the stock of the Mexican subsidiary mining Company Panamerican Minerals S.A. de C.V. This will be accomplished via a dividend consisting of the shares of the wholly owned subsidiary KMG, pro rata, issued to all of the shareholders of CWRN, as of an effective date within 60 days hereof, on a 1 KMG share for each 1,000 CWRN shares basis, as part of the Plan of Reorganization on a record date to be determined in accordance with Notice requirements of CUSIP, DTC, and FINRA. Said KMG shares shall be held, in trust, by the Escrow Agent (transfer agent) pending effectiveness of a registration statement under the Securities Act of 1933."
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