RNS from 16th Oct 18...10 Nov 2020 19:27
Just reading back through this RNS about BHP placing at £45m at 45p. One of the conditions was
“ Ø BHP will, for a period of two years, support the recommendations of the SolGold Board in respect of any shareholder approvals required in connection with any change of control transaction involving the Cascabel Project or SolGold, provided it is supported by an Independent Expert appointed by the SolGold Board and 60% of SolGold shareholders (disregarding BHP's shares) accept or approve the transaction”
Reflecting back - this is interesting in that NM has also been quoted as to say that taxes are prohibitive for Cascabel alone.....
If so, why was this clause even listed?