RE:RE:RE:RE:Mining Conference of the Northjclarke
I don't see where Rio can just buy shares from WRN unless approved from the BOD ? How would Rio own a additional 4.5% ? and at what price $10.00 ? They can't buy in the market without approval ?
In connection with the strategic investment by Rio Tinto, the Company and Rio Tinto will enter into an investor rights agreement, whereby, subject to certain conditions, including time and ownership thresholds, Rio Tinto will have certain rights, including the right to appoint: one director of the Company,
if Rio Tinto’s ownership increases to at least 12.5%
Under the investor rights agreement, for a period of 12 months, Rio Tinto has also agreed: •
not to acquire any securities of the Company, subject to certain exceptions
M2