Coniagas Battery Metals Inc. T.COS

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

Metals & Mining Copper

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).

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Coniagas Battery Metals Inc. > Hands Tied for Any Other Offer - Ruling Required

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Comment by forecast123on Nov 11, 2015 4:26pm

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Post# 24282555

RE:Hands Tied for Any Other Offer - Ruling Required

My understanding is COS BOD has the discretion to revoke "poison pill" if suitor is a permitted bid... However, the permitted bid has been changed to 120 days by the new shareholder rights plan... So any interested cos who are willing to go with 120 days and am in friendly bid negotiation, COS BOD can revoke it from poison pill... The problem is SU who is not willing to go for 120 days (ie becomes a non-permitted bid with new shareholder rights plan) and is in hostile takeover.... What I am saying is if there are really "friendly" bidder with 120 days expiry, the poison pill can be revoked

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