ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

ARP 31.55

-0.2%

1:56 PM EST

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To: Link Lady who wrote (2641)	2/8/1999 10:45:00 PM
From: Syncrude	Read Replies (2) of 3282

Wendy,John, If you did not tender your shares AND if Barrick has determined that its criteria was met, ie. 50.1% of the shares are in their hands, then you still are a shareholder. I understand that if more than 90% of the shares are in the hands of Barrick, then under the Canada Business Corporations Act, Barrick can force you to tender your shares (either for the same price as the offer or at a fair value determined before a court). Barrick has also stated that if it does not succeed in securing all of the shares, then it intends to take the Company (ARP) private, meaning it would no longer trade on an exchange. This would require a favorable vote from 66 2/3% of all shares outstanding. As for the value of your shares if you did not tender, as long as they are listed on an exchange, you will be able to trade them if you want. I somehow think ABX will fail at getting 50.1% and so your shares will continue to trade on the VSE.

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