Letters to the Editor Insult to injury

Once again the minority shareholders are receiving second-rate consideration in a mining merger.

I own shares in Mascot Gold Mines because I believe that it will be an excellent, profitable mine. If the proposed amalgamation goes through, I will be the proud owner of part of the International Corona lawsuit over the Hemlo property and my full voting rights will be diluted by special multiple voting shares to be held by management which will then control, without shareholder checks, the complete operation of the firm.

To add insult, this deal is currently valued at about $10 per Mascot share. Yet when control of Mascot was transferred from Royex to Lacana, the shares of Mascot were valued at $15 each.

Mascot minority shareholders should unequivocally vote no to this useless merger. If by some illogical reason it does pass, minority shareholders should become dissenting shareholders and demand fair value for their shares which is far in excess of $15 per share. Dave Moscovitch Town of Mt. Royal, Que.