Formal valuation of KWG shares
This should be interesting, a formal valuation of KWG, independent?, without the full release
of the NS43-101, remember we only got a partial release.
That explains a lot of what has transpired.
Isn't it interesting that this all occured just days after the AGM.
from CLF news release
A formal offer has not yet been made to shareholders of KWG or Spider. In the case of the proposed offer for the KWG Shares, Cliffs is a KWG insider, so it has formally requested that the board of directors of KWG, through an independent committee, selects a valuator and directs it to prepare as soon as practicable a formal valuation of the KWG Shares as required by applicable securities laws prior to Cliffs or an affiliate making a formal offer for the KWG Shares. No such valuation is required in respect of the Spider Shares.