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AGORACOM Wire - Wednesday February 15th, 2012

Breaking News ....

Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

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Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT* Read More | Profile

Strike Graphite goes "Beyond the Press Release"

McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

DONNER METALS INTERVIEW: David Patterson Discusses the Bracemac-McLeod Mine Development Beyond the Press Release

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Message: Newlook first quarter results

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mceliott

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Re: Newlook first quarter results

in response to Newlook first quarter results by Kurry

posted on Jun 01, 07 11:46AM

Kurry....I had assumed that Newlook had already paid Barrons in full. From WLSA's 8K on 5-4-07.......

"The option could be exercised through a further payment of $600,000 on or before April 30, 2007."

Newlook must have found the money somewhere. I doubt Barrons issued an IOU.

Newlook currently owns over one-third of WLSA. After the next round of dilution they will own almost half. My guess is that they will eventually buy more shares to get to a majority position. I question what they will do with the company once they gain control.

Please correct me if I have these facts wrong.

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