GREY:MWSWF - Post by User
Comment by
zelysteron Mar 23, 2016 4:17pm
225 Views
Post# 24694622
RE:Big Volume
RE:Big Volume"In the event that the requisite shareholder approval for the exercise of the Warrants is obtained, the exercise of the Warrants could result in Galena owning more than 90% of the issued and outstanding ordinary shares of the Company. As such Galena has advised Mawson West that it intends to consider alternatives for taking Mawson West private, including the possible acquisition of all of the ordinary shares of the Company not owned by it "
Galena already owns 77% of Mawson, so shareholder approval is fait accompli. Galena will then buyout balance of OS and take Mawson private.