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Coniagas Battery Metals Inc. T.COS


Primary Symbol: V.COS Alternate Symbol(s):  CNBMF

Coniagas Battery Metals Inc. is a Canada-based exploration and mining company. The Company is focused on nickel, copper, and cobalt in northern Quebec. It is advancing Graal Nickel & Copper Project. The Graal Nickel & Copper Project (the Property) is located in the north of Saguenay Lac St-Jean region. It is comprised of 110 map-designed claims covering 6,113 hectares. The Property is also located at 190 kilometers (km) north from the seaport terminal of Grande-Anse (Saguenay).


TSXV:COS - Post by User

Comment by forecast123on Oct 08, 2015 12:05am
109 Views
Post# 24174188

RE: TSX will defer consideration of the acceptance (Explain)

RE: TSX will defer consideration of the acceptance (Explain)You can google National Policy 62-202 to read the entire national policy on defense tactics for takeover bids... To me, it sounded like the policy wants to ensure defensive tactic (in this case the Rights Plan) is drawn up in the interest of the shareholders (and not the acquirer nor the management of the target). TSX is basically ensuring the new Rights Plan is in compliance to National Policy (ie drawn up in the interest of shareholders) before approving it. Kindsdale mentioned in the news letter that it is common procedure that TSX put Rights Plan in pending mode initially.... Nothing sounded suspicious or abnormal to me. As to whether this is good or bad, any process to ensure COS shareholders interest are protected are good in my eyes.
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