"shareholders of Golden Goose Resources will exchange their issued common shares for new common shares and warrants of Kodiak, on the basis of 1.2 new shares of Kodiak and one quarter (0.25) of a Kodiak Share Purchase Warrant for each outstanding share of Golden Goose Resources."

GGR hs 51M shares out according to tsx.com. So... that means KXL will issue 61.2M shares and 12.8M warrants at $0.45... to acquire a 1.6M oz Au gold mine... I need to know more about Magino mine... Says was past producing so that's good (i.e. infrastructure must be in place)...

Seems positive on surface.

re: Milestone... I like this statement in the release given drilling ongoing there... "Exploration by Kodiak at its Milestone project in the Beardmore-Geraldton gold camp has the potential to add significantly to the combined company's gold resource base, vaulting Kodiak to a new higher valuation threshold."

If they can combine this release with continued success at Milestone and elsewhere than I think we are a.o.k.

red911