12 May 2010material agreement● Neutral
Element92 closed the first 28% tranche of the Legarleon stake for 1,098,000 shares, with the remaining 23% still pending approval from the Exchange's board.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Apr 2010material agreement● Neutral
Separately, Element92 agreed to acquire a 51% stake in Legarleon Precious Metals, Ltd., a Hong Kong company holding a seat on the Chinese Gold & Silver Society Exchange, for 2 million restricted shares.
5 Apr 2010material agreement● Neutral
Element92 revised the Shandong gold-mine deal: dropped the Wendeng mine acquisition, cut the share consideration for the remaining two mines to 76.5 million shares, and extended their closing by 60 days for more due diligence.
27 Jan 2010material agreement● NeutralMajor
Wyoming shell Element92 Resources Corp. agreed to acquire two producing gold mines and one gold deposit in Shandong Province, China from Tam Kam Ming and Gold Vanguard Limited (owners of Joyous Fame International) for 90 million newly issued restricted shares.