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Message: London Mining JV with WITM

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Re: London Mining JV with WITM

posted on Nov 17, 08 05:12PM

Hey Paulindoon --

What do they mean in the agreement, "While Wits Basin and London Mining will each initially have a 50 percent interest in the joint venture, London Mining will have preferential rights with respect to return of capital and distributions of available profits until its USD$45 million initial investment is returned. The joint venture company will be controlled through a shareholders' agreement. ?"

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