GREY:VITFF - Post by User
Comment by
Greatdaysaheadon Jun 25, 2019 10:15am
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Post# 29860048
RE:Victoria Gold Announces That Orion Has Agreed To Increase It
RE:Victoria Gold Announces That Orion Has Agreed To Increase It next 18-24 months should be "interesting".
Orion will follow the Board recommendation in case the Cie receives an offer, vote as requested.. and won't buy a single new share.
Is it the perfect time to sell a Gold producer at the time it begins commercial production and at the time POG in a upside trend ?
As per PR:
The independent directors of the Company worked alongside Osisko and Orion in completing the Transaction. In conjunction with the Transaction, Orion has agreed to certain new shareholder covenants, including that Orion and its affiliates will agree to: (i) vote or act in accordance with the recommendation of the Company’s management and independent directors in connection with any change of control transaction involving the Company for a period of 18 months; (ii) vote in accordance with the recommendation of the Company’s management and independent directors in connection with the membership of the Company’s board of directors for 24 months; (iii) customary provisions requiring Orion to ‘standstill’ with respect to additional purchases of common shares of the Company for a period of 18 months; (iv) certain restrictions on dispositions for 18 months