CB Gold responds to Red Eagle
June 17, 2015 17:52 ET
CB Gold Inc. Responds to Announcement by Red Eagle
CB Gold Board Reaffirms Recommendation That Shareholders Vote for Previously Announced Sale Transaction
VANCOUVER, BC--(Marketwired - June 17, 2015) - CB Gold Inc. (TSX-V: CBJ) ("CB Gold" or the "Company") has been informed that Red Eagle Mining Corporation ("Red Eagle") intends to make an unsolicited offer to purchase all of the issued and outstanding shares of CB Gold at some point in time (the "Potential Proposal"). Red Eagle has not made any such unsolicited offer.
CB Gold's board of directors will be meeting to consider the Potential Proposal if it is received from Red Eagle, and will make a statement in due course. Until the Company receives the Potential Proposal and completes its review, the Company's board of directors reaffirms its unanimous recommendation that all shareholders vote FOR the previously announced Sale Transaction with OM.L Trading Inc. (see press release dated May 19, 2015) at the shareholders meeting scheduled for 10:00 a.m. on June 23, 2015 (the "Meeting").
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