TSXV:CSG.H - Post by User
Post by
grumpymonkey007on Oct 28, 2009 12:03pm
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Post# 16431208
Can break the offer for a better bid
Can break the offer for a better bidLet's hope for a bidding war - on the first property alone they are worth double or triple the current offer
"Castle Gold may terminate the Support Agreement under certain circumstances, including if the Board determines in good faith that it has received a Superior Proposal (as such term is defined in the Support Agreement). If Castle Gold terminates the Support Agreement in order to accept a Superior Proposal, it must pay a break fee of C$3 million. If Argonaut does not meet certain obligations, then it must pay a fee to Castle of US$600,000 to assist in covering expenses incurred during the transaction."