RE:Today's TradingHere is something WRN is setting up for next year when Rio's option ends ?
Defensive move ? WESTERN COPPER AND GOLD CORPORATION C$50,000,000
COMMON SHARES WARRANTS SUBSCRIPTION RECEIPTS UNITS
"The Securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of the sale and set forth in an accompanying prospectus supplement"
"A poison pill" is a defensive strategy employed by a target company during a hostile acquisition to deter the acquirer by making the takeover more expensive. It grants all shareholders, except the acquirer, the right to purchase shares of the target company or the merged entity at a discount.
Why els would WRN keep offering $50 Million in SUBSCRIPTION RECEIPTS UNITS ??
Answer, Stop low ball offers ????
M2