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Coniagas Battery Metals Inc T.COS


Primary Symbol: V.COS Alternate Symbol(s):  CNBMF

Coniagas Battery Metals Inc. is a Canada-based exploration and mining company. The Company is focused on nickel, copper, and cobalt in northern Quebec. It is advancing Graal Nickel & Copper Project. The Graal Nickel & Copper Project (the Property) is located in the north of Saguenay Lac St-Jean region. It is comprised of 110 map-designed claims covering 6,113 hectares. The Property is also located at 190 kilometers (km) north from the seaport terminal of Grande-Anse (Saguenay).


TSXV:COS - Post by User

Post by forecast123on Jan 14, 2016 9:32am
174 Views
Post# 24457301

be very careful if you decide to tender COS shares

be very careful if you decide to tender COS sharesI phoned D.F. King verifying some understanding from the words on the 90 pages Offer to Purchase document: 1. The doc wrote "if the conditions of the offer are not satisfied or waived by the Offeror, the Offeror will not be obligated to take up, accept for pyamen or pay for any shares tendered"... So if conditions are not met (say reaching 2/3 level), SU is not obligated to take up shares, but is SU allowed to take up shares tendered to-date ? The answer is YES... 2. The document wrote "any shares tendered in acceptance of the offer maybe withdrawn by shareholder at any time before the shares have been taken up..." I then asked can SU take up tendered shares before expiry date. The answer is YES... Oow ! This is huge risk tendering shares early because SU can take up shares right after you tender and before expiry date, so you run the risk can't w/d your shares.... Lesson learnt: Even if you want to tender your COS shares, hold onto your shares with you as long as possible before tendering... Bear in mind that SU's SP has been plummeting and many are questioning what 0.25 SU meant and whether SU shares are risky... It is beneficial to watch SU SP till a few days before Jan 27 before considering any tender moves.
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