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Twin Butte Energy Ltd TBTEF

Twin Butte Energy Ltd is an oil and natural gas exploration, development and production company with properties located in Western Canada. The firm's operational assets have been sold to West Lake Energy Corp.


OTCPK:TBTEF - Post by User

Bullboard Posts
Post by 1nd3xmeon Jan 26, 2015 11:47am
406 Views
Post# 23363521

Templeton owning ~20% and a takeover?

Templeton owning ~20% and a takeover?Can anyone explain to me why templeton owning more than 20% would trigger a takeover? I'm pretty new to the investment scene, and that doesnt really make sence to me. Unless 20% makes them the majority holder and they'd vote in favour of a takeover...but then if 21% of shareholders just voted "No" wouldnt that twart that plan?
Bullboard Posts