RE: Post CNR4 Dec 2024 18:51
Hi connect, for me personally it was generally a place for insults from many . C f and ddd always reasoned and open posters.
What does this actually mean anybody?
The Cooperation Agreement records the intention of MTL and Condor Gold to implement the Offer by way of the Scheme, subject to MTL's right to switch to a Takeover Offer in certain circumstances.
The Cooperation Agreement may be terminated with immediate effect in the following circumstances, among others:
(i) if MTL and Condor Gold so agree in writing;
(ii) if the Offer is, with the permission of the Panel, withdrawn or lapses in accordance with its terms on or prior to the Long Stop Date (other than in certain circumstances specified in the Cooperation Agreement);
(iii) the Condor Gold Board (i) withdraws or adversely modifies the Condor Gold Board recommendation, (ii) recommends a competing proposal, or (iii) makes a statement in relation to its intention to do so;
(iv) upon notice by either party to the other if: (i) a Condor Gold Board Adverse Recommendation Change occurs (as defined in the Cooperation Agreement (ii) a competing proposal is announced which the Condor Gold Board has recommended or has noted its intention to recommend; or (iii) Condor Gold announces that it or any member of the Wider Condor Gold Group has entered into one or more legally binding agreements to effect a competing proposal;
(v) if Scheme Shareholders vote at the Court Meeting and such vote does not achieve the requisite majorities for the Scheme to be approved or Condor Gold Shareholders vote on the Condor Gold Resolution(s) at the Condor Gold General Meeting and any such vote does not achieve the requisite majority(ies) for the resolution(s) being voted on to be passed or the Court refuses to sanction the Scheme;