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Russian run Venezuelan gold miner Rusoro, which has launched a hostile takeover bid for Gold Reserve is seeking an order from the Ontario Securities Commission to terminate the latter's shareholder rights plan.....
Gold producer Rusoro Mining Ltd (RML.V), which is seeking to buy Gold Reserve Inc (GRZ.TO), applied for an order from the Ontario Securities Commission (OSC) to terminate Gold Reserve's shareholder rights plan, a provision that makes hostile takeovers difficult....
Rusoro, which is based in Canada but controlled by Russian Vladimir Agapov, said it expects the hearing by OSC to be held prior to the expiry of its bid on Feb. 18, 2009.....
"Rusoro fully expects that the poison pill will be cease traded and urges Gold Reserve shareholders to tender their shares immediately," Rusoro said in a statement..
Rusoro has offered to acquire all the outstanding Class A common shares and equity units of Gold Reserve on the basis of three Rusoro shares for each Gold Reserve share or equity unit.
In January, Gold Reserve had said that less than 3 percent of the company's outstanding shares had been tendered into Rusoro's hostile bid and urged shareholders not to tender their shares into the offer....
Rusoro shares, which have lost more than 30 percent of their value in the last six months, were down 2 Canadian cents at at 67 Canadian cents in morning trade on the TSX Venture Exchange. ....
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more news from http://www.cnmining.org
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Profit Miracle Scam Review - Does Profit Miracle REALLY Work
By: James Tame | 25/11/2009You will find out everything about this new profit miracle system in our profit miracle scam review. This profit miracle review was written especially to tell you more about this system since the website only covers some basics about this thing. Profit miracle takes a turn on making money online and uses really good unique article rewriting software that basically makes up unique articles for you that you can later post and profit from. We can write a whole separate review of this profit miracle
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Gold Move Over... Do You Know?
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Gold Reserve'S Poison Pill Under Attack From Rusoro
By: alexda | 19/02/2009 | Home BusinessGold Reserve's poison pill under attack from Rusoro from http://www.cnmining.org/news/?id=1160
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