thats apparently because Brad (Navial) and Ivonne (title holder to Navials concessions and possibly Brads Mex national wife-which used to be required for title holding) are the SELLERS of up to 56% of Navials 1.15 million acres to Mayen/RIFT-
I thought Brad was present non selling owner of 1.15 million acre concession and thus confused him w Mayen and RIFT and could not see Brads involvement in Mayen and Rift apart from this transaction-they certainly dont make ferreting this stuff easy and stocks are not my thing
the sale is proceeding in stages w Mayen- now RIFT-(an arms length party to Brad and Ivonne-so sellers-w Mayen/Rift as buyer) having to raise the money in stages to buy up to 56% of Brad and Ivonnes interest in the NAVIAL concessions-I work 24/7, esp now-so is that what u see guys?
so Brad /Ivonne are selling up to 56% interest in their huge 1.15 million plus acres Navial concessions. Though Brad /Ivonne have money in their own right, Mayen and Rift do not (and since on TSX/V exchange not listed by otc or yahoo or most American brokers)
but the money Brad /Ivonne receive in tranches from Rift,in addition to their own personal wealth,could possibly be invested in CWRN
it looks like Brad/Ivonne want an operating mine,which would thus be the flagship of their huge concession empire
Mayen Minerals Announces Fundamental Acquisition
VANCOUVER, BRITISH COLUMBIA, Jul 13 (MARKET WIRE) --
MAYEN MINERALS LTD. (TSX VENTURE: MYM) (the "Company" or "Mayen").
Further to the Company's news release dated May 26, 2010, Mayen is
pleased to announce that the Company has entered into a definitive
agreement dated July 9, 2010 (the "Option Agreement") among Ivonne
Boileve Romero ("Romero"), Navial Holdings S.A. de C.V. ("Navial
Holdings"), Navial Mineria S.A. de C.V. ("Navial Mineria" and together
with Romero and Navial Holdings, the "Optionors") and Minmay S.A. de C.V.
("Minmay"), a wholly-owned indirect subsidiary of the Company, for the
acquisition (the "Acquisition") of up to an undivided 56% interest in 6
claim blocks comprising approximately 462,000 hectares located in the
north-western section of Baja California , Mexico (the "Property"). The
Optionors are an arm's length party to the Company, and therefore,
shareholder approval of the Acquisition will not be required by the TSX
Venture Exchange ("TSX-V").
