NWT Uranium Corp. (TSXV:NWT) has recently announced that its wholly owned subsidiary, Niketo Ltd’s board of directors will make an offer to acquire in cash 33,260,968 multiple voting shares of Look Communications Inc. at $0.125 per share.
As quoted in the press release:
It is anticipated that Niketo’s bid will commence within the next few weeks and the completion of the offer will be subject to certain conditions, including a minimum tender condition and the absence of a material adverse change in respect of the affairs of Look. The full details of Niketo’s offer will be set forth in an offer and circular to be mailed to the shareholders of Look, a copy of which will be available on SEDAR.
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