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RESERVOIR MINERALS INC V.RMC

"Reservoir Minerals Inc is engaged in the acquisition, exploration and development of mineral properties in Serbia, Cameroon, Gabon, Macedonia and Romania."


TSXV:RMC - Post by User

Comment by Buckshot26on Apr 25, 2016 9:21am
209 Views
Post# 24805501

RE:RE:RE:RE:RE:RE:Nevsun

RE:RE:RE:RE:RE:RE:NevsunYour assumption is correct.  Often when you see a deal like this where the acquirer is not dominantly bigger than the acquired they will write it up like a merger.  Make no mistake this is no merger, you will receive a re-org note giving you until such and such date to tender your rmc shares in exchange for 2x NSU plus a penny.

After getting up to speed on the NSU story I'm convince that once the market digests this development NSU will trade significantly higher and our eventual windfall will exceed $10 CAD.  It's cold and raining here today, but I couldn't imagine a better Monday!

GLTA,
Buck

PumplyCrockford wrote:
cd673 wrote: It appears they will be separate during the interim. And then become one company when the deal closes in q2. I assume that means there will be one listing in Canada and one in the United States when closed. Anyone else?


CD,

That sounds about right.  I'm assuming Reservoir would fold up under Nevsun and the combined companies would just be listed as NSU on the big board and of course also on the Canadian exchange.


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