Marathon Gold Corp T.MOZ

Today Is Not A Good Day as Calibre Mining Buys Marathon Gold

[NLMoose]

Today is a dark day for Newfoundlanders and Labradorians as Marathon Gold as Vancouver based Calibre Mining has taken over Marathon Gold.

I'm not sure how buying under 20% of a company's outstanding shares are considered a takeover.

Usually, under the Laws of Accounting, a company becomes a subsidiary when another company purchases more than 50% or more of their share's, not a 15% or 17% stake.

Bad enough that Kruger has betrayed Newfoundland and Labrador as their taxpayers gave them $110 million loan to keep Corner Brook Pulp and Paper going just to have frequent shutdowns, and even betrayed the Federal Government when that mill got $14 million to upgrade the boiler to burn biomass on condition that they diversify from newsprint only to still focus on newsprint.

Source:  VOCM "Calibre Mining Acquires Marathon Gold" - https://vocm.com/2023/11/15/calibre-mining-acquires-marathon-gold/

[tootall123]

Today is a GREAT Day for  Newfoundlanders and Labradorians you BooBoo Head, there will be a mine built and Calibre and B2Gold will create high paying jobs for Newfoundlanders and Labradorians.... GOLD IS KING....

[Ork]

counting chickens here - 66 2/3 is what moz needs to get this vote through- my quick reckoning show moz & cxb & it's allies are no-where close to sealing this deal, they have to buy shares on the open market - sweeten the deal, jeez simple

[Zibo510]

This post has been removed in accordance with Community Policy

[NLMoose]

I don't think this deal will go through either as Marathon Gold shares are well below the agreed 84 cents a share, which is one of the requirements for this takeover agreement from Calibre Mining to go ahead. Right now, Marathon Gold shares are trading at 70.5 cents a share.  

[tootall123]

(I don't think this deal will go through either as Marathon Gold shares are well below the agreed 84 cents a share) And I heard the same BS from some of the Sabina shareholders. This is a done deal, and if you crybabies don't like this deal sell your shares and move on.... GOLD IS KING...

[SNOWNOW2]

I understand that they pay you about .10 cents a post.You have been working hard since this morning- you might make 20 bucks today. Good luck

[tootall123]

A I understand that you can't handle the truth and you probably own 10 -20 shares of MOZ.. Good Luck... GOLD IS KING...

[AlwaysLong683]

MOZ shareholders are receiving 0.6164 of a CXB share for each MOZ share they own. No cash, no promises as to what that MOZ share will be worth on closing. From the November 13, 2023 press release: ".......Marathon shareholders will receive 0.6164 of a Calibre common share for each Marathon common share held (the “Consideration”). The Consideration implies a value of C$0.84 per

[stockwatcher7]

This post has been removed in accordance with Community Policy

[JayBanks]

Its not a buy out, its a merger, minimal money is exchanging hands just values, The private placement deal is to deter and de-risk from others from coming in and trying to get a better vote, also likely an element to smooth the 66.6%-33.3% better on paper they paid 40 mill but when the merger is completed that 40 mill private placement is back in their hands anyway

[NLMoose]

Technically speaking, its not a merger as Marathon Gold shareholders will get approximately .6162 Calibre Mining share per Marathon Gold share. This transaction is more of a takeover than a merger as Calibre will have control over the company. Secondly, mergers usually have two companies consolidating to form a new company with previous entitles still operating autonomously, and usually uses a

[JayBanks]

Agnico with Kirkland was a merger, Agnico consumed them with full control and they never formed a new company with a new name and its a more appropriate comparable being in the gold space I would assume Buyout would be the purchasing of the company with some financial means where as I didnt see any provisions for shareholders to choose cash or shares for the transaction, just upon acceptance and

[JayBanks]

Sorry The first post didnt take the formatting Agnico with Kirkland was a merger, Agnico consumed them with full control and they never formed a new company with a new name and its a more appropriate comparable being in the gold space. I would assume Buyout would be the purchasing of the company with some financial means where as I didnt see any provisions for shareholders to choose cash or shares

[someday2]

This post has been removed in accordance with Community Policy

[Ork]

in that 3 yr period they also issued another 100 mill shares- from 358 mill to now close to 1/2 billion os - so me old pal hard to compare unless they pay a div all swings & roundabouts think about this, why does moz need to be taken over, why ????? and if you're gonna do it pay a fair price- it's so simple it's painful to watch & stop selling or get hosed !