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puppydotcom

08/18/10 2:46 PM

#154814 RE: Vianna #154807

you're quoting NMGL .. not FFGO .. much after the fact of people posting.. divvy is cash ..

STOCK PURCHASE AGREEMENT
Dated August 12, 2010

by and between
NORTH AMERICAN GOLD AND MINERALS FUND
and
WESTERN DIVERSIFIED MINING RESOURCES, INC.



REDEMPTION. The shares of Series A Preferred Stock shall not be redeemable prior to December 31, 2010. On and after January 1, 2011, the Company, at its option, may redeem shares of Series A Preferred Stock, as a whole or in part, for cash, at any time or from time to time, at a redemption price of Sixteen Dollars (US$16.00) per share plus, in each case, any declared and unpaid dividends thereon to the date fixed for redemption.

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puppydotcom

08/18/10 2:47 PM

#154815 RE: Vianna #154807

FFGO has never stated the divvy to be CASH .. I will at lest give that to them
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Vianna

08/18/10 2:57 PM

#154816 RE: Vianna #154807

WESTERN DIVERSIFIED MINING RESOURCES, INC. is a subsidiary of FFGO

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53471047

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mathias1

08/18/10 3:12 PM

#154820 RE: Vianna #154807

They got the claims for FREE. They lead shareholder to believe cash was coming by refusing to name the buyer and stating that "restricted COMMON stock" would not be used as payment.

Now, they are dangling the carrot again...saying the MAY redeem the shares at their option, for completely arbitrary values placed on the worthless stock.

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varmit

08/18/10 3:56 PM

#154825 RE: Vianna #154807

I AGREE WE GET STOCK TO CLOSE THE DEAL BUT I FIRMLY BELIEVE THAT NMGL WILL THEN QUICKLY SELL FOR CASH OR WHY PUT THE LIQUIDATION CLAUSE IN THE 8 K ??????? AND !!!!! HOW CAN THEY PAY THE CASH CONVERSION IN JANUARY 2011 IF THEY HAVE NO CASH ,,,,,>>>?????? I C A SELL SELL SELL COMING !!!!!!! THAT MEANS CASH DIVIIS !!!!!