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Iron Brdg Res Inc. OEXFF

Energy Oil & Gas E&P
"Iron Bridge Resources Inc is a Canada-based company. It is a crude oil and natural gas exploration, development and production company. Its project consists of Elmworth. The company receives maximum revenue from the sale of petroleum and natural gas."


OTCPK:OEXFF - Post by User

Iron Brdg Res Inc. > So now what?
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Comment by CageyOilon Sep 11, 2018 1:10pm
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Post# 28598331

RE:RE:So now what?

RE:RE:So now what?If you don't tender then at the not yet specified closing date (and the deal is approved by shareholders) your shares will automatically be converted to cash to tune of .845. I think with no trading fee but not 100% on that.
There is a theoretical possibility of a competing offer but mgmt is now likely bound by various agreements to not solicit other offers, and there will be break fees I believe as well. Day before yesterday was the time for the white knight to show, and they didn't (but velvet improved their shade.)

If you're itching to reinvest I'd just sell your shares, if uncertain just sit on them until close. You might give up a half cent a share if you don't wait.
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