Ann: Evolution Makes Strategic Investment in Phoenix Gold, page-10

It is unfortunate that PXG shareholders are being diluted, but the low gold price and possibly some actions of NGF have worked against them. The CEO has done the best deal he could in the circumstances and now lets see if they can progress their projects on better terms.

No doubt NGF were after PXG's tenements and would have white anted them into submission over time. I feel for the local shareholders in NGF being ripped off.

I like PXG's CEO and the vision that EVN's management has.

Good luck to PXGPunters.

loki