Woulfe Mining Corp WFEMF

RE:Merger of Almonty / WOF

[chizzles]

lonade wrote:

To go even further, should Almonty ultimately want full ownership they initially have to obtain at least 90% of all shares. They will certainly not be able to achieve this with a low ball offer. I personally own approx. 1,5% of the outstanding shares (without further details I will certainly not accept anything lower than 0.2 CAD), so only another 8,5% of dissenting offeres are needed from all the other shareholders to stop them from initiating a squeeze-out transaction. That can be achieved by the majority of small shareholders or just one additional major shareholder.

As you can see, we are far from being forced to accept any low ball offer. 

Thanks Lonade. I didn't know that Almonty needed 90% of all shares to have full control. I thought that with 51% of all shares they would have the power to do pretty much what they wanted to do.