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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Western Prospector Grp. Com Npv | TSXV:WNP | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Western Prospector Group Ltd. (TSX VENTURE:WNP) ("Western") and Tinpo Holdings Industrial Company Limited ("Tinpo") today announced that Tinpo has re-engaged discussions with Western concerning a proposal whereby Tinpo, through a wholly owned subsidiary (the "Offeror"), would offer to acquire all of the common shares (the "Shares") of Western for cash consideration of Cdn.$1.34 per Share (the "Offer"). It is intended that all other terms of the Offer will be substantially similar to, and no less favourable to Western's shareholders than, those of the offer to purchase Shares that Tinpo had previously made but which was withdrawn by Tinpo. Since withdrawing that offer, representatives of Tinpo have had discussions in Mongolia and Tinpo understands the current government of Mongolia intends to respect the rights of foreign investors in the uranium industry in Mongolia. While there can be no assurance that the Offer will be made or, if made, will be completed, Western and Tinpo are committed to moving discussions forward. A further announcement regarding the progress of these discussions will be made when appropriate. Note Regarding Forward-Looking Statements This press release and other written or oral communication from the Company may include certain statements that may be considered "forward-looking statements" within the meaning of that phrase under Canadian securities laws. Statements other than historical facts that address possible future events, plans or developments are forward-looking statements. Such statements may be identified by the use of words such as "will", ""may", "expects", "estimate", "intend" or the use of the future or conditional tense. Certain material factors or assumptions were applied in drawing our conclusions and making those forward-looking statements. Forward-looking statements reflect management's current views with respect to possible future events and conditions and, by their nature, are based on management's beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking statements are reasonable, such statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking statements. Readers are cautioned that risks may change or new risks may emerge. Additional information regarding the material factors and assumptions that were applied in making these forward looking statements as well as the various risks and uncertainties we face are described in greater detail in the "Risk Factors" section of our annual and interim Management's Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at www.sedar.com and available on the Company's website at www.westernprospector.com. The Company undertakes no obligation to update this forward-looking information except as required by applicable law.
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