Greencastle Resources Ltd V.VGN

Alternate Symbol(s): GRSFF

Energy Oil & Gas E&P

Greencastle Resources Ltd. is a diversified company. It has interests in gold and base metals exploration and oil and gas exploration and royalties. It also has strategic investments in other companies. Its segments include investments in private and public companies, oil and gas interests, and mining interests. Its investment segment comprises its investment in marketable securities and investment in private and public companies. The oil and gas segment is comprised of its oil and gas interests. The mining segment is comprised of its mining interests in Canada and in the United States of America. It has a royalty interest in one oil and gas property in Alberta. It holds royalty interests in wells located in the Spirit River area, north-west Alberta, and the Primate area in Saskatchewan. It also holds interest in the Jewel Ridge property lease. It holds a 50% interest in a 95% interest held by Criterium Energy in a quarter section of land in Alberta, called the Ferrier Project.

TSXV:VGN - Post by User

Greencastle Resources Ltd

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Post by goodstoryon Sep 08, 2013 11:42am

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Post# 21725615

ZARA GAME OVER Recent post from VGD will be a positive for all 3 companies

Toronto, Sep 7

Visible Gold Mines has appealed to Quebec’s independent financial sector tribunal for protection frompredatorZara Resources’ unsolicited all-scrip takeover offer.
Zara has made simultaneous bids for Visible, Greencastle Resources and Altai Resources.
Zara chairman and major shareholder, venture capitalist Danny Wettreich, explains he's attempting to acquire small-cap companies with under-valued or poorly managed assets to bring them under a disciplined management.

Visible alleges irregularities in the offer and seeks an order from the Quebec Bureau de décision et de révision barring Zara from purchasing shares of Visible shareholders in Quebec.
Visible also claims a sale of 2M Visible shares by Wettreich on August 19, the day the offer was announced, breaches securities laws.

In June, Visible rejected Wettreich’s call for a shareholder meeting to replace the board with Zara nominees

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