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Bullboard - Stock Discussion Forum Spur Ventures Inc SPVEF

Metals & Mining Industrial Metals & Minerals
"Atlantic Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. The company explores for gold. It holds interests in the Moose River Consolidated Project comprising the Touquoy and the Beaver Dam gold deposits; the Cochrane Hill gold deposit; and the Fifteen Mile Stream deposit. All the business activity is primarily functioned through the region of Canada... see more

OTCPK:SPVEF - Post Discussion

Spur Ventures Inc > Taking AGB Private vs. Takeover
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Post by BruleShore on Oct 10, 2018 7:19pm

Taking AGB Private vs. Takeover

Director Ryan Beedie continues to aggressively buy AGB shares on the open market.Given the spectacular results of the quarter just ended,I’m wondering about the mechanics of Beedie taking the company private.
Would he be obligated to offer existing shareholders a premium?Curious how that scenario works.
Comment by Zola2 on Oct 10, 2018 9:09pm
Not likely - plus Shareholders would vote on taking the company private. Yes there would be a premium. Also agreement must be thought on the $ 150 M financing. Like the Eagle buying it for $ 2.50 to $ 3.00 much better. In a miserable market today AGB has shown good strength and I like the quarterly update.
Spur Ventures Inc