RE: Mordy and the 58 million shares in Lock-UP cjsell,
According to this they could have offered more than 1.40/share to lock up those 58 million shares the b*st*rds.
Best Regards Nova
7. Purpose of the Offeror and any joint actors in effecting the transaction or
occurrence that gave rise to the reporting obligation, including any future intention
to acquire ownership of, or control over, additional securities of the reporting
issuer:
On July 18, 2012, Nordgold announced that it intends to make an offer (the “Offer”) to
acquire the outstanding shares of High River Gold Mines Ltd. (“High River”, TSX:
HRG) (the “Common Shares”) not already owned by Nordgold and its affiliates.
Nordgold currently owns 630,627,472 Common Shares, constituting approximately 75.06
percent of High River Common Shares. Nordgold may also acquire Common Shares
outside the Offer pursuant to s. 93.1(2) of the Securities Act (Ontario) and parallel
provisions of other provincial securities laws.
In connection with the Offer, a news release was issued on July 18, 2012, which is
annexed hereto as Schedule “A”.