back in '09... Here are the two PR's from back in '09 where Severstal tried to buy HRG, and failed...
About a month after the initial 0.22 bid and a couple of days before the expiration of the offer, they up the offer with 36% to 0.30.
Ok, Nord Gold, let's up the price to 1.90 CAD and maybe then we'll accept your offer...
Best regards,
Bart
TORONTO, ONTARIO--(Marketwire - June 25, 2009) - High River Gold Mines Ltd. ("High River") (TSX:HRG) and ZAO Severstal Resources ("Severstal Resources"), the mining division of OAO Severstal (LSE:SVST)(RTS:CHMF), jointly announce that High River and Severstal's affiliate, Lybica Holding B.V. ("Lybica"), have mailed a take-over bid circular dated June 24, 2009, a directors' circular dated June 24, 2009 and related documents (collectively, the "Offer Documents") to High River's shareholders today. The Offer Documents are in connection with the previously announced offer (the "Offer") by Severstal for all of the issued and outstanding common shares ("Shares") of High River (excluding Shares currently held by Severstal and its affiliates) at a price of
.22 per Share in cash. The Offer expires at 5:00 p.m. (Toronto time) on July 31, 2009, unless extended or withdrawn by Lybica.
MOSCOW, RUSSIA--(Marketwire - July 28, 2009) - Lybica Holding B.V. ("Lybica"), an affiliate of ZAO Severstal Resources ("Severstal"), the mining division of OAO Severstal, announced today that it intends to increase its offer (the "Increased Offer") for all of the issued and outstanding common shares (the "Common Shares") of High River Gold Mines Ltd. ("High River") (excluding the Common Shares currently controlled by Severstal). High River shareholders who accept the Increased Offer will now receive
.30 per Common Share in cash, an increase of
.08 or 36% per Common Share from the previous offer price of
.22 per Common Share.