Koo - Come on; they don't know the identity of this potential (8.3% with warrants) shareholder.

I am not sure what you are saying here. Where did you get that they don't know the identity of the purchaser? We don't know the identity, RVX knows. The wording below is just a common, safe way of stating ownership for adherance to TSX rules. RVX does not know for sure that there is no hidden ownership through other entities so they are just safely stating that from assurances they have been given. They have to ask shareholders' approval as I posted earlier as there are a couple of TSX rules that might require this. The closing might be more than 45 days after the market price is established and the market price might go up more than 20% before closing. If these things occured, the PP couldn't close as per TSX rules and a new unit price would need to be negotiated. This might make the purchaser pull out. By getting shareholder approval, the PP can go through as negotiated even if the market price rises to say $3.00. RVX, of course would have the option to pull out if that happened until the expected closing.

"To the knowledge of the Corporation, the Subscriber does not currently own any securities of the Corporation. Accordingly, the Subscriber is not expected to become an insider of the Corporation and the Private Placement is not expected to materially affect the control of the Corporation."