It’s official,, Eldorado did not maintain their 15% ? I called IR at Integra !
It’s official,,,, Eldorado did not participate in any equity offering and as a result did not maintain there 15% !
When asked why ? Suggested asking the people at Eldorado !
The PP is closed so,,,, In the event Eldorado declines to participate in an equity offering, its participation right will be limited to maintaining its pro rata interest prior to the date of the offering.
Read
Now we can speculate on why Eldorado did not maintain there 15 % ?
I say good ridden’s,,,, sell your shares to AEM or G,,, after a FS is completed !
With Eldorado commented to spending $1 Billion in Greece and the Lamaque project becoming much larger then they anticipated decided not to put in any more money ??
With the new takeover bid rules taking effect in Canada Integra could tell Eldorado NO take overs,, back off until they drill every zone at Sigma / Lamaque and finish a FS study ??
Anyways,, I would like to read other options as to why Eldorado elected not to maintain there 15 % ?
M2
PS I will think of some more reasons after giving it some thought !
Very interesting event !