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Cardero Resource Corp. (TSX:CDU,NYSE:CDY,FWB:CR5) acknowledged a news release issued by Luxor Capital, which stated that a letter was sent to the Company as set out in the news release, but no such letter was received. The Company will provide further information on the matter as it becomes available.
As quoted in the press release:
…announces that it has become aware of a news release issued by Luxor Capital Group of New York on August 6, 2013 with respect to certain matters involving the Company and the planned USD 5,700,000 private placement of senior secured notes announced by the Company on August 6, 2013. The Luxor news release states that a letter was sent to the Company as set out in the news release, but no such letter was received.
The Board of Directors of the Company is acutely aware of its fiduciary duties to act in the best interests of the Company and all of its stakeholders and is reviewing the matters set out in the Luxor news release. The Board will consider the available alternatives presented to it by Luxor, by Mr. Kopple and by others and make a determination as to the best course of action for the Company and all of its stakeholders in a timely manner.
The Company will provide further information as available.
Click here to read the Cardero Resource Corp. (TSX:CDU,NYSE:CDY,FWB:CR5) press release
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