RE:RE:RE:RE:RE:RE:RE:RE:"friend who knows someone" So many people on here seem to "know someone in the inner circle " ...and have bought in with "info".
Yesterday I was told they want to wrap this deal up soon to avoid the impending capital gains tax hike. But we all figured this is a possibility since the tax announcement.
The price per share?? That's where it ranges from $10 to the $30 Matlas/TopTaxExpert. I posted my possible deal amounts months ago. It all depends on the number of GEOs . I noticed that the recent drill results only included gold...not the silver, copper, zinc of this polymettalic deposit . Anyone know why?
I always questioned why the acquirer isn't accumulating shares at this low price. Well...At least BEFORE they bid. Apparently according to Canadian law they can't :
"In a friendly bid, the parties often enter into a confidentiality or non-disclosure agreement. In addition to regulating the disclosure and use of confidential information, confidentiality agreements also typically include "standstill" provisions that will limit the offeror's ability to acquire target securities, or to undertake any transaction or other actions that have not been approved by the target's board, for a period of time after the due diligence period."
https://resourcehub.bakermckenzie.com/en/resources/global-public-ma-guide/north-america/canada/topics/effecting-a-takeover
Anyways here some more information I found useful
https://iclg.com/practice-areas/mergers-and-acquisitions-laws-and-regulations/canada/amp