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Empire History 101, page-52

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    So to answer my question ‘how much did Brimstone pay to the shareholders for 40% of Penny’s Find?’
    Seeing as no one else has offered their thoughts I thought I would continue with personal research....

    It seems - on paper at least- $400,000 all up - see November 2015 notice http://www.resourcesempire.com.au/docs/23112015 Empire Raises $400,000 in Sale of Non-Core Shares.pdf
    Exciting news?
    Remember Brimstone paid this for a portion of the 40%!

    Sadly - as it transpires from the next half year financials - the exciting announcement neglected to mention Team B ‘handed over the money’ along with a rather large accompanying bill to Empire for ‘Exploration and Evaluation’

    So the real cost of 40% of Penny’s Find came down to whatever Barola paid LionGold plus around $31,000 to Empire shareholders.
    http://www.resourcesempire.com.au/docs/16032016 Half Year Accounts.pdf


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    Last edited by sabine: 19/06/18
 
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