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Bullboard - Stock Discussion Forum Katanga Mining Ltd Ord KATFF

Katanga Mining Ltd, through its subsidiaries, is engaged in copper and cobalt production activities in the Democratic Republic of Congo (DRC). Specifically, the company explores and develops properties with potential copper and cobalt yields operate mining and processing facilities that produce copper and cobalt and holds a portfolio of other mines that may be developed in the future.

OTCPK:KATFF - Post Discussion

Katanga Mining Ltd Ord > One way, and one way only keft to Object
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Post by topdop on Apr 22, 2020 10:26am

One way, and one way only keft to Object

The Majority of the Minority rule was sidestepped by way of the last Rights Issue so now GIAG can vote its 60,870,439,243 votes for their own taking private transaction.

That was the only opportunity left to Minority Shareholders to block the actions of GAIA and an implied "creeping takeover".

The PR states: "Dissenting Shareholders who strictly comply with the procedures set forth in the YBCA will be entitled to be paid the fair value of their Common Shares pursuant to Section 193 of the YBCA."

So if you still want to object, you need to find out what Section 193 of the YBCA says, exactly.

These are my views only. Thanks for reading.
Comment by autofocus111 on Apr 22, 2020 2:24pm
@topdop My advice to you is take the offer and call it a day. If you dissent, you will be dragged along in the courts for years to come with very little chance of receiving a 'fair value' that is higher than what is on the table. Unlike the dissenting group you will become part of, GLEN has deep pockets to fight this out with their team of lawyers. I tried it once with BIM.TO which was ...more  
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