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Message: RE: Question to Agoracom
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RE: Question to Agoracom

posted on Nov 20, 2008 10:50AM

I posted a question to Agoracom on the 17th and todays the 20th and I've seen no response. Venturous posted a question on the 19th and received a response on the 19th approximately 37 minutes after posting his question.

I want to ask again,

Can you please have someone in Management translate this letter in more leamens terms. I don't understand it very well and want to know if any other shareholders have received this letter.

Thanks,

Oracle

For tax purposes, each shareholder needs to assign or split the cost base value of their MMG shares between the shares of DRV received and the shares of MacMillan Minerals received.
Receiving the MacMillan Minerals shares will not be reported by us as a dividend because their total value was less than the paid up capital of MacMillan Gold Corp. and therefore represent a redistribution of paid in capital to all existing MMG shareholders.
Receiving the Duran shares in exchange for MacMillan Gold shares is exempt from being deemed a disposal and new aquisition because it was done under a court ordered Plan of Arrangement.
We feel that since MMG was $0.155 last and DRV is $0.40 and each 2 MMG received 1 DRV, shareholders should consider reporting 100% of their MMG cost base as the new cost base of the DRV they received. That would result in using a cost base of NIL for the new shares of MacMillan Minerals Inc.
If you wish to assign a value to MacMillan Minerals Inc. and do not wish to use NIL, you may wish to consider using a nominal value such as $0.001 per share.
George A Brown
Former President & CEO
MacMillan Gold Corp.
Icon agoracom RE: Question to Agoracom

AGORACOM
Nov 20, 2008 10:54AM
RE: Question to Agoracom

crippler
Nov 21, 2008 02:00AM
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