Wrong, DEH1. According to SEDAR (Oct. 11 early warning report), after selling 46 million Mercator shares to Nevada Copper, Pala "owns and controls, directly and indirectly, a total of 2,662,214 shares" -- about 1% of outstanding shares.

So "exit" is not exactly correct, but his shareholdings are a fraction of what they used to be.

If you have other (publicly disclosed) information, I'm all ears.