Posted On: 01/22/2014 5:53:19 PM
Post# of 17862
I am pretty sure this is what we own now... This was in the quarterly reporting... not the annual since its not out yet but quarterly so it technically could be higher if there is something else we arent privy to:
Under the terms of the Contract
Agreement the Company has acquired a 13.8% share in Bayano Lake Wood Products Corp and a profit
share of 9%. The Company will also receive additional revenues from a wood recovery volume based
royalty of 0.16 cents per board foot on heavy hardwoods and 0.10 cents per board foot on light
hardwoods. The Company shall have an option to purchase an additional 11.2% of the shares of Bayano
Lake Products and 8% of the profit share by December 31, 2013.
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