RE: Shareholder approval...7 Oct 2022 11:01
Hellodolly:
To answer your question to me earlier, obviously I don't have all the answers but my take on it is because of Cuzzubbo's comment in the RNS,
I quote;
"Darryl Cuzzubbo, CEO and Managing Director of SolGold, stated: "It has been my view from the start that SolGold and Cornerstone are more valuable together than apart. This is an exciting value enhancing transaction for all stakeholders. This Transaction also sets the stage for a strategic review of the Combined Group as we methodically assess options that are in the best interest of our shareholders."
Also this :
Brooke Macdonald, President and CEO of Cornerstone, stated: "This merger transaction makes sense for both sets of shareholders. The merger allows our shareholders to maintain exposure to the world class Cascabel Project and is a step towards maximizing value. Having considered the landscape, we are convinced that combining forces with SolGold will unlock significant value for all shareholders. The strategic review for the combined group aligns with our views on the best path forward. Today represents a significant milestone for all Cornerstone stakeholders and I would like to thank them for their support over the years. "
Reading between the lines, I think they are saying they have paved the way for them to recoup their own value in SOLG, the rest of us benefiting is merely a consequence.
Just my take on it that's all.