Lots of Publicity, Ole never had before. (Ole never even bothered at this type Publicity. Now the Gold world will finally know, thanks to an Offer)
from ProActive Investors Reports:
Elsewhere, in materials shares, (TSE:TGZ)(ASX:TGZ) has made an offer to acquire the shares of (TSE:OLE) that it does not already own in an all-share deal, after its initial approaches were met with hostility, according to a statement Monday. Under the terms of the offer, Oromin shareholders would get 0.582 of a Teranga share for each Oromin share held, representing a premium of 68.7 per cent to the closing price of Oromin on May 31, the last trading day prior to the deal's announcement.
Shares of Teranga rose by a penny to 72 cents, while shares of Oromin jumped over 59 per cent to 39 cents on the Toronto Stock Exchange on Monday.