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Rio Novo Gold Inc. RIVVF

"Rio Novo Gold Inc is engaged in the acquisition, exploration and development of mineral properties located in Brazil and Colombia. Its properties include Almas gold and Matupa gold projects in Brazil and Tolda Fria gold project in Colombia."


GREY:RIVVF - Post by User

Comment by Metalsguy1on Dec 19, 2017 2:15pm
87 Views
Post# 27188913

RE:RE:RE:RE:I think this merger will be great

RE:RE:RE:RE:I think this merger will be great

Are you being intentionally thick? If I understand it correctly, the rule MI 61-101) seems to indicate that the minority shareholders must approve the merger.

I hold north of 1 million shares and again, I will be voting no. 10 Cents a share based on the current price of Aura? Not me. Not now. Not ever.

With Britos owning (indirectly) 65% in RN and 52% in Aura do you honestly think that they would just walk away from the deal if the minority shareholders rejected the deal? 

Of course I am making an assumption here that there is any chance of that happening. As there is zero transparency, we have no idea who the minority shareholders are and whether they are friends with Britos.

 

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