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Message: trx

trx

posted on Dec 15, 2009 09:50AM

anyone familiar with trx.v Terrane Metals Corp?

much talk about possible takeover by Gold corp. The following was found on Stockhouse:

Mining giant Goldcorp Inc., a majority shareholder in Terrane Metals Corp., said this week the proposed $900-million Mount Milligan gold and copper mine is an outstanding and construction-ready gold project.
The project is the closest proposed mining project to Prince George, 155 kilometres northwest of the city.
"Goldcorp continues to work closely with the Terrane board of directors to make the commercial development of Mt. Milligan a reality," Goldcorp president and CEO Chuck Jeannes said following Terrane's annual general meeting.
Goldcorp's support for the project is considered key.
As a first step towards project financing, Terrane shareholders approved in the summer of 2008 a joint venture
option agreement with Goldcorp.
The company guaranteed a
credit facility of
$40 million for Terrane Metals which had an 18 month option, expiring Jan. 8, 2010, to convert its equity interest in Terrane into a participating joint venture interest in the Mt. Milligan project.

A little confusing for me is that the president, ceo and others did the following:

http://canadianinsider.com/coReport/allTransactions.php?ticker=trx

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