GREY:OLEPF - Post by User
Post by
frankmanon Jul 04, 2013 1:49pm
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Post# 21589245
Litigation, assertion of rights and uncertainty of Sengalese Nationals
Litigation, assertion of rights and uncertainty of Sengalese NationalsThis offer is looking the way of extinction. If that is the case OLE will run out of loan shark money and may need a financing
"the uncertainty of the outcome of the litigation commenced by Bendon International Ltd. (“Bendon”); the uncertainty arising from Bendon’s opposition to the Teranga Offer and asserting its rights under the Oromin joint venture shareholders agreement; and the uncertainty regarding the 25% back-in right available to Sénégalese nationals."