Agoracom

Hi Oracle, no problem,

The existing companies will be REPLACED with a new duran and a new macmillan and the old companies will no longer exist. You will get 1 new drv for 2 old (current) mmg.

MMG currently has about twice as many shares outstanding as DRV which is why you get 1 share of new drv for 2 shares of old mmg (to make it equal).

I apologize because I may be confused about the mmg to mmg part and may be assuming things. (I have alot of 50%s of this and that on my brain).

If mmg outstanding shares stay the same it will be 1 new mmg for 1 old mmg. If mmg cuts their outstanding shares in half (to make the stock more tightly held) it would be 1 new mmg for 2 old mmg. Either way the value should be the same.

George stated a while ago that current mmg alone before they had peru was valued around 25 cents but given the current market it will be interesting to see how the market values Mexico alone.

If you want more details for peru there is a peruvian company called Minera Aguila de ORO which owns 100% rights to our peru properties. MMG owns 50% of Minera Aguila de ORO and DRV also owns 50%. With the merger MMG is giving its 50% ownership of Minera Aguila de ORO to DRV in return for DRV to double its shares and give them to current MMG shareholders. DRV will have twice as many shares outstanding as a result but will also own 100% of Minera Aguila de ORO.

Merging peru into 100% DRV ownership is needed to make an aquisition much more attractive and less complicated. MMG value will be completely reflected in its Mexican properties.

Here are my sources:

*************

MD&A March 31

On March 31, 2008, the Company signed a letter of intent to dispose of the remaining 50% interest (the “disposition”) in the shares of Minera Aguila de ORO S.A.C. (see Subsequent Events in Section 1.13 below).

The disposition of the remaining 50% interest in the Peruvian subsidiary would be effected by way of a threecorneredamalgamation pursuant to which the Company would amalgamate with a newly incorporated, wholly owned subsidiary of Duran Ventures Inc. Prior to the acquisition, the Company would spin-out its Mexican properties so that at the time of the amalgamation, the Company’s sole material asset would be its 50% interest in the shares of Minera Aguila de ORO S.A.C. Under the terms of the LOI, all of the outstanding common shares of the Company will be exchanged for common shares of Duran on the basis of 0.5 of a Duran common share for each of the Company’s common share held.

****************

News April 3

On March 6, 2008 the board of Duran authorized the three non-executive directors to negotiate with MacMillan and enter into a binding agreement to acquire or combine the 50% of Minera Aguila de Oro SAC held by MacMillan with the 50% held by Duran. Minera Aguila de Oro SAC is the Company in Peru in which the property titles and permits are held by the joint venture between the two companies.

On March 31, 2008, Duran made an offer which MacMillan accepted for a “Business Combination” to achieve the intended goals. Duran’s offer will result in MacMillan shareholders receiving one share of New Duran for each two shares of MacMillan. Duran shareholders will receive one share of New Duran for each share of Duran. Unexercised warrants and stock options in MacMillan will become warrants or stock options in New Duran on the same basis of one for two which will result in half the number of warrants or stock options available for exercise at twice the current exercise prices. Warrants or stock options in Duran become warrants or stock options in New Duran in the same numbers exercisable at the same prices. The offer is based upon the assumptions that MacMillan Gold will complete the “Spin Out Transaction” which was approved by MacMillan shareholders on March 31, 2008 prior to or in conjunction with the proposed Business Combination.