Gold Reserves Limited GLR - TSE Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Reserves Limited GLR - TSE

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Al Lewis who wrote (208)	12/17/1997 3:47:00 PM
From: The Vet	Read Replies (2) of 406

Al, the full details of the rights plan is very lengthy but in effect it applioes to every holder of stock can be issued a right to purchase another share at a 50% discount with the exception of any hostile party who holds 20% of the stock or more. The discount price seems to depend on the number of shares in the hands of the shareholders (not making the bid) and is calculated on the average closing price for the past 20 trading days but it would be about 50% of that price. The result of course is that the hostile buyer either has to negotiate terms or be prepared to buy a lot more shares in order to get a controlling interest.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next