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Barrick Gold Corporation Message Board

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  • benya789 benya789 May 13, 2011 8:48 PM Flag

    MWR shall land Pascua, ABX? = jail/cease trade

    And further more from same MD&Y...

    On about February 1, 2010 the Company entered into an oral agreement with Mr. Lopehandia and since February 5,
    2010, the Company has been advancing money to Mr. Jorge Lopehandia, primarily to fund his litigation efforts to
    establish his ownership rights to the Chilean portion of the Pascua Lama gold-silver claims currently under development
    by Barrick Gold Corporation. As of October 31, 2010, the Company has advanced a total of US$306,761 to Mr.
    Lopehandia. Subsequent to October 31, 2010, the Company has advanced an additional amount of US$274,428 with the
    last advance being made on December 17, 2010 in the amount of US$75,000. Accordingly, as of the date of this
    MD&A, the Company has advanced an accumulated total of approximately US$581,189 to Mr. Lopehandia. For such
    financial assistance, the Company expects to obtain either (a) an interest in the Pascua Lama property if Mr. Lopehandia
    is successful in proving his ownership rights to the Pascua Lama property, or failing such, (b) an interest in another
    property in which Jorge Lopehandia has an ownership interest with all payments made by the Company being credited
    to the acquisition price.
    The Company is in the process of negotiating with Mr. Lopehandia for a written agreement relating to this project.
    Mr. Lopehandia has also been investigating the availability of properties of merit in Chile on behalf of the Company.

    Looks like MWR was scammed out of a few dollars by Jorge. Go Jorge go :)

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