Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I think they are fishing for shares currently
A slow day today.
Volume is double what it has been...people are waking up to power I think:)
Merry Christmas everyone. Here’s hoping for a prosperous and happy new year.Lots of luck to everyone :)
I like Paul’s attitude and it seems that volume is increasing slightly day to day do think it is just a matter of time before we are passed the 3p mark.
Anyway fingers crossed for a good day tomorrow gla
I know it was meant sarcastically, as they all show on lse as sells;)
Yes amazing how they are all sells
Looks like mainly buys this morning and looking good for moving up
Nice finish...volume improving gradually...more positive every day. Happy with my investment here.
Two good Rns this morning...just a matter of time before the hoards arrive and this goes well north.
Looks like there is no nickel down hole number 1
We are fully funded so let’s just sit back and wait for the drill to hit something nice ;)
Any idea why two shields investments shares have been suspended ? Will this influence the share price here?
Well that’s more positive this morning and I am very happy and confident with my investment here:)
Well I have just bought in...think there is a lot of potential here and hopefully profit to be made.
Try ggp Barry.I heard they got shedloads of gold over there!! Lol
And quite funny at the same time:)
CORPORATE
FACT SHEET FOR:
CORNERSTONE CAPITAL RESOURCES INC.
HOSTILE BID BY SOLGOLD PLC
CORPORATE HEADQUARTERS
1730 ST. LAURENT BLVD., SUITE 800 OTTAWA, ONTARIO CANADA, K1G 3Y7
Expiry Date
Ticker Symbol CUSIP
HOSTILE BID DATE
OCTOBER 14, 2020 @ 5:00 PM (TORONTO TIME)
CGP 21922J
Collect Line Website
416-682-3825
www.cornerstoneresources.com
ADDITIONAL INFORMATION
Mail Date
DIRECTORS’ CIRCULAR DATED JULY 14, 2020
CONTACT INFORMATION
Toll-Free Line
1-800-294-4817
REJECTION
of the Unsolicited Offer by
SOLGOLD PLC
to Purchase All of the Outstanding Common Shares of CORNERSTONE CAPITAL RESOURCES INC.
OVERVIEW OF BOARD’S RECOMMENDATION
What is happening?
The Board of Directors (the “Board”) of Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”), upon the unanimous recommendation of an independent committee of the Board (the “Independent Committee”) and following a detailed review conducted in consultation with its financial and legal advisors, has unanimously rejected SolGold plc’s (“SolGold”) unsolicited offer to acquire Cornerstone (the “Hostile Bid”) for the second time.
The Board unanimously recommends that shareholders REJECT SolGold’s offer and NOT TENDER their Cornerstone Shares. To reject the Hostile Bid, simply take NO ACTION.
Any Shareholder who has already tendered its Cornerstone Shares to the Hostile Bid should WITHDRAW those Cornerstone Shares.
Is this a “hostile” take-over bid?
YES. In a friendly take-over, the two companies work together to come to an agreement that would enhance shareholder value. SolGold, however, initiated the Hostile Bid without the support of the Board of Directors.
Why does the Board recommend that Shareholders REJECT the SolGold Hostile Bid?
The following factors have been identified by the Board of Directors as being the most relevant to its unanimous recommendation that Shareholders REJECT the Hostile Bid by taking no action and NOT TENDERING their Cornerstone Shares:
Page 1
? SolGold’s Hostile Bid cannot be successful.
? The Hostile Bid significantly undervalues Cornerstone and is opportunistically timed.
? SolGold’s track record demonstrates that it is incapable of financing the Cascabel feasibility study on reasonable terms.
? SolGold’s shares are highly illiquid and its shareholders have suffered a history of significant dilution.
? Cornerstone Shareholders would be exposed to SolGold’s suspect corporate governance and self- dealing practices.
? The Hostile Bid does not comply with important Canadian securities laws intended to protect Shareholders, including a requirement for SolGold to obtain an independent formal valuation.
? Paradigm, the Independent Committee’s independent financial advisor, has determined that the Hostile Bid is inadequate, from a financial point of view, to Cornerstone Shareholders.
? Cornerstone has a unique position that makes it very attractive for those looking to acquire cont
I think Mather has done a grand job up till now and continues to try and push the company forward even though timeframes drag sometimes. Mather has cornerstone by the nuts and is squeezing. I’m in till the end.