1.40 CAD offer Some helpfull numbers
840.2 M outstanding shares
630.6 M owned by Nord Gold (75.05%)
58.1 M locked in by Nord Gold (6.91%) (holders who already accepted the offer)
151.5 M remaining minority shareholders position (18.04%)
to reach 90% of the outstanding shares, Nord Gold needs an additional 8% of outstanding shares or 67.2 M shares.
minority shareholders claimed to strongly hold on to 115M shares (13.7%)
Can we, based on those numbers, let the bid fail or make 'em pay more?
Nord Gold said to have HRG form an independent committee to review the offer.
Does this offer a way out?
Would be interesting to see the price go above 1.40 CAD today.
B