OTCPK:OEXFF - Post by User
Post by
kukamanon May 24, 2018 2:44am
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Post# 28073521
Hostile bid for Iron Bridge could be a view of energy deals
Hostile bid for Iron Bridge could be a view of energy deals to come
https://www.theglobeandmail.com/business/streetwise/article-hostile-bid-for-iron-bridge-could-be-a-view-of-energy-deals-to-come/ Rob Colcleugh, Iron Bridge’s CEO, declined to say how his company might try to fend off Velvet, although it is expected to seek a white knight. Besides Velvet, another private company, Hammerhead Resources Inc., has a sizable land position in the Gold Creek area.
Meanwhile, the company “has a number of options,” having discussed with financial players obtaining non-dilutive funding to allow it to develop assets on its own, he said.