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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Luiri Gold Limited | TSXV:LGL | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
1. The offer is made to all shareholders to acquire a minimum of 66 2/3% of the issued shares of the Company and includes shares issuable upon exercise of share purchase warrants, stock options and other convertible securities; 2. The offer must contain an irrevocable and unqualified provision that no shares will be taken up or paid for prior to the close of business on a date less than 60 days following the date of the Bid, and only if at such date more than 50% of the shares held by independent shareholders have been deposited or tendered and not withdrawn; 3. The offer must contain an irrevocable and unqualified provision that any shares deposited may be withdrawn at any time until being taken up and paid for; and 4. The offer must contain an irrevocable and unqualified provision that if the deposit conditions set out in item 2 above are met, then the offeror will make a public announcement of that fact, and the bid will remain open for deposits or tenders of additional shares for not less than 10 business days from the date of the public announcement.
The Plan is designed to ensure that all shareholders are treated fairly and equitably in the event of a take-over bid.
The Plan is subject to the acceptance and requirements of regulatory authorities (including the Australian Securities Exchange), as applicable, compliance with markets' trading and operating rules, the acceptance of the rights agent (it is proposed that Computershare Trust Company of Canada will act as rights agent and administer the Plan) and ratification by the shareholders of the Company.
For further information contact:
Michael Sperinck, the President of Luiri Gold at +61 401 694 322 should they have any queries in relation to the Rights Plan.
ON BEHALF OF THE BOARD OF DIRECTORS OF LUIRI GOLD LIMITED
Michael Sperinck, President, Managing Director and CEO
This press release contains forward-looking information which involves risks and uncertainties. Forward looking information represents management's current views and these may change significantly as new information comes to hand.
NEITHER THE TSX VENTURE EXCHANGE NOR THE ASX HAS REVIEWED THIS RELEASE AND NEITHER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts: Luiri Gold Limited Michael Sperinck President +61 401 694 322 For Luiri Gold's North American Investor Relations, please contact Daniel Boase at First Canadian Capital Corp. +1 416 742 5600 or Toll Free: 1 866 580 8891 request@firstcanadiancapital.com www.luirigold.com
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