RE:RE:RE:RE:RE:RE:RE:What’s the consensus here?At a special meeting of shareholders held earlier today, Calibre Mining Corp. shareholders voted overwhelmingly in favour of the resolution approving the issuance of up to 315,664,294 common shares of Calibre in connection with the proposed acquisition of Marathon Gold Corp. by way of a plan of arrangement as well as the resolution approving an amendment to the maximum number of Calibre shares issuable under Calibre's amended and restated long-term incentive plan (LTIP), which will be implemented only upon the completion of the arrangement.
Existing shares 463,661,752 + 315,664,294=779,326,046 Smells like a reverse split coming sooner than later. This allows them to have a decent Nasdaq listing valuation. OK Beni we have only to wait and see how they deliver the goods? The deal was not advantages to Marathon shareholders where MOZ could have financed on their lonesome with the same outcome, dilution but independant waiting for a better offer once production started.
We''ll see what the experts say with CXB being in production and what the advantages my be?