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Alexandria Minerals Corp ALXDF

Metals & Mining Industrial Metals & Minerals
Alexandria Minerals Corp is a Canadian based gold exploration and development company. Its project consists of Orenada, Akasaba, Sleepy, Manitoba and Ontario properties together with the Other Quebec properties. It is mainly focused on exploring the cadillac break property which is located in Val-d'Or, Quebec. The cadillac break property consists of approximately 21 contiguous projects of over 460 claims, located in Bourlamaque, Louvincourt and Vaquelin Townships. The manitoba properties include


GREY:ALXDF - Post by User

Alexandria Minerals Corp > How fast is the clock ticking?
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Comment by DaGeneralon Jul 02, 2019 12:40pm
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Post# 29880171

RE:How fast is the clock ticking?

RE:How fast is the clock ticking?Myrtlesman,

As I read this, the 5 day period refers to O3's right to match any competing offers, should the BOD receive one and deem it superior to O3's proposal.  In other words, if AEM comes back and bids .10 per share, O3 has 5 days from the time the Alexandria BOD accepts AEM's bid to match it.

So...the clock isn't really ticking yet...AEM (or anyone else for that matter) has plenty of time to submit a competing bid, should they choose to do so.

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