Replies to post #46515 on Mexus Gold US (MXSG)

[wxdog]

I did Monday - and my total was quite a bit more than what you posted.

The gentlemen involved with the deal as I understand is a miner and PT is stepping away from the helm of all things Mexus.

Looking forward to the upcoming PR and Form 8-K release.

As I was informed “ALL” of us with loans to Mexus will receive Restricted Shares (I don’t know details as yet) for a period - I’m assuming standard 6 months. This will allow time for new owner to prove up resources at St Elena and get things up and running with current footprint and buildout.

With current owed monies not being paid out in cash it will free up 1-2 million $$ for drilling program and infrastructure enhancements.

This guy taking over has vast experience and is hungry to take on this project.

Let’s see what the PR and Form 8-K bring us.

[A Dinosaur]

Yes. I signed the offer this morning.

Considering the current structure, this provides some hope of future recovery or maybe even a gain. Since my notes are junior to several others far larger than mine (and my total is also considerably larger than yours), it is unlikely that I would receive anything in a BK settlement.

As far as a reverse split: yup, obvious. It will have to be done probably before any potential good news, but I don't see any other way to get this thing moving again. C'est la vie.

Dino