RE:RE:RE:Cadan Resources - Take Over Bid Furthermore you should know this.
Mr. Haidong Chi is a Non Executive Director of "Auvex Manganese".
He is a nominee of "Maket Energy Ltd", which is a major shareholder of "Auvex Manganese"
Mr. Chi is also Executive Director at "KMG" (kmetgroup)
"KMG" is an active explorer, developer and operator of iron ore projects.
The chairman of "KMG" is Mr. ZhengZeng Du
Mr Du is a Director of "Sin-Tang Development Pte Lte" a Singapore Based Iron ore trader.
He is also Chairman of Tangshan Ganglu Iron and Steel Co. Ltd, which is one of the largest privately owned steel mills
Sin Tang was owned in 2009 by Mr. Yuzheng Xie (30%), Mr. ZhengZeng Du (40%) and Zhou LianMing (25%)
This is from the official web side of Sin Tang. Mr. Yuzheng Xie and Mr. ZhengZeng Du are until now directors of Sin Tang Dev. and
General Manager is Mr.Yuzheng Xie.
This shows again that there is a direct relationship from Auvex Manganese to Sin Tang Development and Mr. Xie!
"Auvex Manganese" - Haidong Chi (Non Executive Director at Auvex)
Haidong Chi - Executive Director at "KMG"
"KMG" - Chairman ZhengZeng Du
ZhengZeng Du - Owner and director at "Sin Tang Development"
"Sin Tang Development" - Owner and General Manager Yuzheng Xie
Yuzheng Xie - Owner of "Mighty River International" and director of "LSG Resources"
"Mighty River International Pty Ltd" - Biggest shareholder "Cadan Resources" in 2013.
Mighty River, LSG Resources and Auvex Manganese owned together in 2013 ~ 23% of all shares of Cadan Resources.
All this companies are economically linked with Mr. Yuzheng Xie!
This is a breach of Multilateral Instrument 62-104 (Take-Over Bids and Issuer Bids) because "Mighty River", LSG Resources" and "Auvex Manganese" must have made a "take over bid" because: "A person makes an offer to acquire voting securities or equity securities of a class made to one or more persons …where the securities subject to the offer to acquire, together with the offeror’s securities, constitute in
Furthermore I think the BCSC should proof, if it was the plan of the 3 companys from the beginning, to bring Cadan Resources into liquidity problems, so that they can profit from an extremely low share price by changing debt and loans after a share split (8 old for 1 new share).
I think we need a lawyer!