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Former Directors of Rapier Gold Announce Opposition to Proposed GFG Transaction
Jan. 30, 2018 09:15AM PST
Gold InvestingDr. John Blake, Mr. Daryl Hodges and Mr. Roger Walsh, each a former director and a shareholder of Rapier Gold (“Rapier” or the “Company”) today announced their strong opposition to the proposed transaction involving Rapier and GFG Resources on the basis of significant concerns with the process surrounding the negotiation and approval of the proposed GFG Transaction Mr. Walsh, …
Dr. John Blake, Mr. Daryl Hodges and Mr. Roger Walsh, each a former director and a shareholder of Rapier Gold (“Rapier” or the “Company”) today announced their strong opposition to the proposed transaction involving Rapier and GFG Resources on the basis of significant concerns with the process surrounding the negotiation and approval of the proposed GFG Transaction
Mr. Walsh, the former CEO and director of Rapier explained:
Mr. Walsh, the former CEO and director of Rapier explained:
“We believe that the proposed GFG Transaction may have been negotiated during a period in which Rapier’s share price was artificially depressed by the failure of Rapier’s current board to press release material information regarding Rapier’s most recent exploration program. Accordingly, we are very concerned that the proposed GFG Transaction may not reflect fair value for the Rapier shares.”
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