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Corona Gold Corporation C.CRG



CSE:CRG - Post by User

Comment by Methodon Jul 27, 2015 5:40pm
124 Views
Post# 23964784

RE:Have CRG sh received their proxies yet?

RE:Have CRG sh received their proxies yet?The circular hasn't been filed yet. I would expect by Friday, leaving 3 weeks before the meeting.

Oban can counter offer on TME until July 30th as detailed in the TME press release (10 business days not 10 calendar days).

No, management has been very clear that the CRG, EAG, RYG deal is not conditional on the TME deal. The OSK financing is also not conditional on the TME deal. The chances of the CRG, EAG, RYG deal not happening is very remote in my view given the lock ups in place and the companies and individuals involved. 

A key catalyst could be the filing of the circulars as OBM could then start buying stock in the targets in the open market given that CRG and RYG are trading as if OBM is trading at about 6 cents which would be less than cash post deal and certainly less than the 11 cent financing.
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