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Bullboard - Stock Discussion Forum Reunion Gold Corp V.RGD

Reunion Gold Corporation is a Canada-based gold explorer in the Guiana Shield, South America. The Company is primarily engaged in the acquisition, exploration and development of gold mineral properties in the Guiana Shield region in South America. The Company’s flagship project is its 100%-owned Oko West Project located in Guyana. The Company also has an interest in other gold exploration... see more

TSXV:RGD - Post Discussion

Reunion Gold Corp > buyout price for Reunion
View:
Post by woolco on May 19, 2024 6:47pm

buyout price for Reunion

Is there a math formula based on GMIN price in market that Reunion shareholders will get paid?

wondering is there is an arbitrage trade buying Reunion....with a premium on a potential competing bid....
Comment by RGDInvestors on Jun 03, 2024 2:29pm
you will get .285 GMIN shares for each RGD share PLUS one share in the company formed when RGD spins out all assets of RGD other than OKO West - remmber thata only OKO West property is being bought by GMIN, the rest of RGD stays with it s0 if you have 1000 shares in RGD you will get 285 GMIN shares and 1000 shares in Spinco at RGD = $.66 today and GMIN at 2.08 your 1000 RGD shares are trading ...more  
Comment by RGDInvestors on Jun 03, 2024 2:32pm
of course the $.66 RGD price versus $2.08 GMIN price might reflect the fact that someone thinks someone will pay more than GMIN before the deal is announced, it may not all be the value that Spinco will have per share
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