Aldridge Minerals Inc. AGMIF

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[Troyahorse]

TORONTO, Sept. 18, 2018 /CNW/ - Aldridge Minerals Inc. (TSX-V: AGM) ("Aldridge" or the "Company") today announced that it has entered into an agreement (the "Arrangement Agreement") pursuant to which Virtus Mining Ltd. ("Virtus") will acquire all of the issued and outstanding common shares of Aldridge (the "Aldridge Shares") not already owned by Virtus.  Under the Agreement, shareholders of Aldridge will receive Cdn.$0.10 in cash for each Aldridge Share.  This represents a 25.5% premium to the volume-weighted average trading price of the Aldridge Shares over the last 90 trading days. Virtus has also agreed to loan Aldridge up to US$700,000 in order to permit Aldridge to fund its near-term working capital requirements pending closing of the transaction. 
Read more at https://www.stockhouse.com/news/press-releases/2018/09/18/aldridge-agrees-to-be-acquired-by-virtus-mining-b#FXlTruphzjvl2A9j.99

[Investorguy1234]

Speechless, well at least this ends 6-7 years of hope. Not gonna lie, this one is gonna hurt. 

[Troyahorse]

Virtus Mining in the British Virging Island sound like a shell company I will not be surprise that the 2 brothers  Mr. Ahmet Tacyildiz and Mrs. Hande Tacyildiz are somehow involved here as they are abstaining from the vote and will end of with owing 70 % interest in Virtus. Explain to me how a BVI mining company is going to gain access to finincing to develope the mine when they will

[Troyahorse]

Virtus Mining could have been created specifically for the purpose of taking over AGM Watch and learn how the small investor gets eliminated. 2 nice links to how to register a company in the BVI and what are the benefits and confidentially of information. https://www.sfm-offshore.com/britishvirginislandsoffshorecompany.html?gclid=CjwKCAjw54fdBRBbEiwAW28S9mC8_aSpRfIs-v8BQ8TtWE8FD-2ivrH

[ghayes]

When do you get paid your canukistan dime Troyahorse? what are the details - if I brought some agm at 0.08 today - would I get 0.10 in a week or two ? what are the details?

[Troyahorse]

Not sure Ghayes but certainly not happy with this end result. What is the point of asking for a loan to by all of this land and then not having anything left or means to raise further funds to advance the project. Why sell the company to a turquis national? better sell the land for a profit and pay the shareholders a better return. Someone coud be interested in having all of this land when they