Post by
garland on Mar 25, 2021 7:51pm
halt
This could take a while. A change of control will require shareholder approval. The company should give us some direction on that matter - ie . it could take a special meeting and that is at least one -two months out. None the less ,this is still a great deal for the company - depending which way Mr. Kalt goes with it. Success on phase two drilling at Catharine would boost the stock enough for the first financing - maybe he factored that in to the deal. As I work on the new land package , there are literally dozens of showings and leads. It is an excellent land block - maybe He plans to involve other corporate entities to help evaluate all the potential. Meanwhile, we wait and I hope to hear on a drilling update with visuals soon
Comment by
diabase1 on Mar 26, 2021 6:55am
A shareholders meeting to consider and approve the transaction is expected to be held in late May 2021 or earlier if approved by the consent of the holders of a majority of the outstanding shares of RTM.