Special Committee

10 news results for the tag: Special Committee.

Norsemont Mining Receives Unsolicited Expressions of Interest

November 19th, 2008

Norsemont Mining Inc. announced that in response to recent unsolicited expressions of interest to acquire the Company, the Board of Directors has formed a Special Committee and is in the process of retaining independent financial advisors. The Special Committee has retained Fraser Milner Casgrain LLP as its legal advisors. The Company cautions shareholders that there [...]

Further Supplementary Information Memorandum Lodged for Waratah’s ASX Listing

November 6th, 2008

Waratah Coal advises that a further Supplementary Information Memorandum dated November 5, 2008 has been lodged as part of its Listing Application to the Australian Stock Exchange Limited (”ASX”) and can be viewed on the Company’s website www.waratahcoal.com or on www.sedar.com.
The additional disclosure is in relation to a Notice of Change to the Director’s [...]

High Desert Gold Corporation Provides Update on Unsolicited Take-Over Bid and Special Committee Process

November 3rd, 2008

On October 31, 2008, High Desert Gold Corporation provided an update on the unsolicited take-over bid by Northern Financial Corporation to purchase all of the issued and outstanding common shares of HDG at a price of Cdn$0.19 per share. The Company confirmed that Northern has commenced its take-over and filed its offer and [...]

WGI Heavy Minerals Calls Shareholder Meeting to Approve Capital Distribution

October 27th, 2008

WGI Heavy Minerals, Incorporated announced that its board of directors has approved a special cash distribution to shareholders in the amount of US$0.80 per share. This special distribution represents a return to the shareholders of up to US$19.5 million (including distributions on shares anticipated to be issued upon the exercise of restricted stock units or [...]

Rockwell Diamonds Inc. Receives Ruling That Pala Offer in Breach of South African Securities Legislation

October 16th, 2008

Rockwell Diamonds Inc. announced today that the Executive Director of the South African Securities Regulation Panel (”the SRP”) in response to objections lodged by Rockwell issued a ruling on October 14, 2008 with respect to the unsolicited offer by Pala Investments Holdings Ltd (”Pala”) to acquire all of the outstanding shares of Rockwell for [...]

Rockwell Recommends Shareholders Reject Hostile Pala Bid

September 22nd, 2008

Rockwell Diamonds Inc. announced that its Board of Directors, based on the recommendation of its Special Committee of independent directors, unanimously recommends that Rockwell shareholders reject the unsolicited offer by Pala Investments Holdings Limited (”Pala”) to acquire all of the outstanding shares of Rockwell for $0.36 per share. After careful consideration, including consultation with [...]

Independent Nickel Board of Directors Supports Increase in Victory Nickel Takeover Offer

September 3rd, 2008

Independent Nickel Corp. announced that Victory Nickel Inc. has increased its offer to purchase all of the outstanding common shares of Independent Nickel (”Independent Nickel Shares”) and that Board of Directors of Independent Nickel (the “Board of Directors”) has recommended that shareholders accept the Amended Offer, having unanimously determined that the Amended Offer is fair [...]

TransAtlantic Petroleum Corp. Announces Change in Strategy and Capital Infusion

August 28th, 2008

TransAtlantic Petroleum Corp. announced that it is changing its operating strategy from a prospect generator to a vertically integrated project developer. To execute this new strategy, the Company has agreed in principle to acquire Longe Energy Limited (”Longe”), an entity associated with the Company’s Chairman, N. Malone Mitchell 3rd, in conjunction with a private placement [...]

Birch Mountain pursues sale of Company

July 23rd, 2008

Birch Mountain Resources Ltd. announces that the Special Committee of independent directors and the Board have determined that it is imperative to pursue an immediate sale of the Company to unlock maximum value for its shareholders. The Company believes that the current lack of liquidity has compressed Birch Mountain’s share price to a level significantly [...]

Petaquilla Copper Ltd. Preliminary Response to Inmet’s Bid

July 15th, 2008

On July 6, 2008, Inmet Mining Corporation announced that it intends to make an all-cash offer (the “Offer”) for all of the outstanding common shares of Petaquilla Copper Ltd. (the “Company”) (Toronto:PTC.TO) at a price of $2.00 per share.
Until the Offer is formally commenced and has been reviewed, the Board of Directors is unable to [...]