Ann: Proposed Capital Reduction and Return, page-40

Normally and purely mathematically the share would have to fall by 4 cents on distribution.

but I can not imagine that this happens. The drilling results should appear at this time (maybe december). I think they will be great and shoot the course up. that's my hope anyway. The Pyramid project could be a hype for Chalice if they present high grades of Gold. I hope that Kirkland and Co will keep an eye on the drilling results. Thus this area could be a potential acquisition candidate or purchase candidate.

After the distribution Chalice still has a very high cash position. unfortunately the very good projects (Pyramid and in Canada) are rated at almost „zero“. Chalice should do more PR here. unfortunately Chalice is still too unknown.

When the „dividend“ of 4 cents is done will certainly be announced i think