Don't fall for these crystal ball SP predictions - AG is seeking to purchase CSG for $ 120000000+, how do you thinking AG plans on recouping their investment? Through organic growth? The same organic growth that current CSG shareholders could/should reap the benefits from and we have a $120000000+ head start on Argonaut Gold.
The last PP for $3.6m was intended to pay for buyout fees and PRODUCTION INCREASE - what a kick in the ........
FYI - AG has to put out a NR if they are buying CSG shares
http://www.tmx.com/en/pdf/Appendix5A.pdf11. Purchases During a Take-Over Bid
Subject to Securities Laws and if granted an exemption under section 17 of these Guidelines, an
offeror making a stock exchange take-over bid and any person acting jointly or in concert with
the offeror may purchase shares that are the subject of the bid through the facilities of the
Exchange provided that:
(1) a press release is issued announcing the offeror’s intention to make such purchases;
(2) such purchases do not begin until the second clear trading day following the date of the
issuance of the press release;
(3) such purchases, together with all purchases of such securities made by the offeror and
any person or company acting jointly or in concert with the offeror during the preceding
90 days through the facilities of a stock exchange or otherwise, do not aggregate more
than 5% of the securities of that class outstanding at the time such purchases are made;
(4) the offeror issues and files with the Exchange a press release forthwith after the close of
each trading day on which shares are purchased under this subsection disclosing
(a) the identity of the purchaser,
(b) the number of shares of the offeree issuer purchased that day,
(c) the highest price paid per share,
(d) the aggregate number of shares of the offeree issuer purchased up to and
including that day under this subsection during the currency of the take-over bid,
(e) the average price paid for such shares;
(f) the total number of shares owned by the purchaser at the time; and
(5) if the offeror or any person acting jointly or in concert with the offeror pays a price for
any such shares that is higher than the price offered pursuant to the stock exchange takeover
bid, then the price offered pursuant to the stock exchange take-over bid shall be
increased to equal such higher price.
