BM,

Thanks. Yes I came across that last sentence "New Probe intends to make application to list its shares on the TSX-V.", that's is fair statement. However, we cannot assume that the New Probe share will be listed.

The reason for this fear is the stern warnings in the Information Circular (the thick doc) on page 49 which warns PRB shareholders the risks of not being able to list, and the whole host of other things, such as:

- listing of the New Probe is not a condition to the completing of the Arrangement;

- holders of New Probe may not be able to sell their shares; and

- "Even if a listing is obtained, ownership of New Probe shares will entail a high degree of risk."

The tax risks if the New Probe is not listed is discussed on page 50.

It looks like our BoD has covered itself pretty well. Yup, they would say later that they have told us all the risks involved, if something goes wrong then shareholders would be on the hook, not the BoD.

The ownership of G will be 9.3% for a period of at least 2 years, as indicated on your excerpt (Probe web page). Question: What would happen after 2 years, G could make a move on the New Probe to take it over, if the prospect of New Probe hitting the jackpot is good (discovery of another deposit, deals involving chromite assets, etc...)? Feel free to speculate.

Another thing, where did the name "Probe Minerals" (for the New Probe) come from?

goldhunter