Post
Topic
Board Securities
Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins
by
ChronoX5
on 03/06/2013, 19:56:03 UTC
I applaud you for being one of the first companies outside of the Bitcoin mining market that takes the plunge and tries to raise money through bitcoin. Since I don't have any experience with real world mining I want to ask some general questions.

If the funding campaign on Bitfunder is unsuccessful and not all shares are sold, what other methods of financing will the company turn to in order to fund the EM survey and drilling? I'm asking this because the market cap is very high in comparison to most other assets on Bitfunder.

If the survey returns a positive result the share valuation is expected to rise but actual dividends will not be paid until the business has been sold to a mining partner. Correct?

In case the business is sold for a lump sum will my shares be sold too and would I receive the proceeds in form of a dividend?