RE:Private salesabard51 - (9/24/2018 9:08:48 PM) Private sales Y'know, as a >20% holder, DD is prohibited from making open market purchases; he can only acquire shares through rights offerings or private transactions, per Canada Securities Laws. So he had to pay the C$0.40 premium if he wanted that private sale lot of 6.2MM shares. Now the other shares that came through TSE, that's another matter altogether...
see this link:
https://www.osler.com/osler/media/Osler/reports/mergers-acquisitions/Canadian-Public-Company-M-A-Guide-2016.pdf
and this link:
https://www.ibanet.org/Document/Default.aspx?DocumentUid=E3A20FA1-56D5...
Really
So, should he be arrested
DUBLIN,
Sept. 18, 2018 /CNW/ - Vertigol Unlimited Company
("Vertigol") of
Dublin, Ireland announces that Vertigol acquired 6,200,000 common shares of Mountain Province Diamonds Inc. ("
MPVD") from one seller in a private off-market transaction for consideration of
CDN$2.90 per MPVD common share.
Vertigol has also acquired 169,400 common shares of MPVD for consideration of
CDN$2.49795 per share and 67,500 common shares of MPVD for consideration of
CDN$2.55097 per share
in market transactions through the facilities of the Toronto Stock Exchange. CAN'T HAVE IT BOTH WAYS
One thing I have come to realize being on these BB. Most readers of news releases never make it past the headline and the majority of the remaining never make it past the first paragraph.
You know, where the fluff lives!!!!!!!