Conclusions -

The trade of 250,000 shares was not a trade made in panic during a gold price rout. The stock is halted on the venture exchange and de-listed, while unsubscribed on the grey OTC market, where the trade took place. It was perhaps more than likely the retraction of 250 options carrying 500,000 shares each or 250,000 options carrying 5000 shares each, the equivalent of approximately half the float. Likely these retracted shares will also be cancelled. The remaining shares would be reverse split and converted.(30:1)

That means the company was awaiting a correction in the gold price before proceeding on with the restructuring of Golden Band, very likely to be amalgamated with another company or to be acquired in what is called in IFRS, a step acquisition under a contractual agreement.

The PWC accounting manuals for IFRS are being followed to the letter, finding the correct terminology on the process will probably lead to the model of acquisition(or amalgamation). Canadian laws are being observed, but my feeing as I write this, Newco is being prepared for American consumption.

-F6