M&A

SolGold 'surprised and disappointed' by bid rejection

SOLGOLD said it was "surprised and disappointed" at Cornerstone Capital Resources' swift dismissal of its "premium" offer for investors' 15% share of Cascabel for in exchange for shares, but intends to proceed with the offer.

SolGold intends to proceed with its plan to acquire the final 15% of Cascabel it doesn't own

SolGold intends to proceed with its plan to acquire the final 15% of Cascabel it doesn't own

On January 31, SolGold offered Cornerstone shareholders 0.55 SolGold shares for each Cornerstone share, which it said was a 20% premium for the shares, which had last traded at C29c. The offer would...

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