The Conversation (0)
GlobeStar Mining Corporation (TSE:GMI) announced that it has entered into a binding agreement with Perilya Limited, pursuant to which Perilya has agreed, subject to the satisfaction of certain terms and conditions of the Letter Agreement, to enter into a further definitive support agreement and make an offer to acquire all of the outstanding common shares of GlobeStar by way of a take-over bid for CDN$1.65 per common share in cash.
GlobeStar Mining Corporation (TSX:GMI) announced that it has entered into a binding agreement with Perilya Limited, pursuant to which Perilya has agreed, subject to the satisfaction of certain terms and conditions of the Letter Agreement, to enter into a further definitive support agreement and make an offer to acquire all of the outstanding common shares of GlobeStar by way of a take-over bid for CDN$1.65 per common share in cash.
The press release is quoted as saying:
The Offer represents a 29.9% premium to the closing market price on the Toronto Stock Exchange (the “TSX”) of GlobeStar common shares on October 6, 2010 and a premium of 36.5% to the 20-day volume weighted average price of GlobeStar common shares on the TSX.
Click here to access the entire press release
Latest News
Outlook Reports world
Featured Stocks
Browse Companies
MARKETS
COMMODITIES
CURRENCIES