Hi Babaoriley,

This taken from the ECU press release:

"Under the terms of the Transaction, which will be structured as a plan of arrangement (the "Arrangement") under the Quebec Business Corporations Act, each ECU share will be exchanged for 0.05 Golden Minerals shares and $0.000394 in cash. Upon completion of the Transaction, existing Golden Minerals shareholders and ECU shareholders will own approximately 49% and 51%, respectively, of the outstanding common stock of the combined company."

Is my interpretation so bad that I am reading this totally wrong?

I read this as 0.0394 cents/share almost 0.04cents/share

i.e. For every one million shares of ECU you own, you will receive 50,000 shares of AUM plus cash of $394.00. In other words approx. 4cents for each 100 shares of ECU.

Please advise if I have mis-interpreted this part of the deal (not tnat it matters much).

Good Luck to all!

Good Luck to all!