Re: Sedar Filings - Alot of new information - CMM
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Message: Re: Sedar Filings - Alot of new information - CMM
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"The Lender and the Borrower have entered into a letter of intent dated January 24, 2011 and
accepted by the Borrower on February 8, 2011, as restated and amended on February 17, 2011 and accepted by the Borrower on February 18, 2011 (the “LOI”) pursuant to which the Lender made a non-binding proposal to acquire all of the issued and outstanding securities of the Borrower pursuant
take-over bid or plan of arrangement;"
This makes me furious on two counts:
First, it proves Century Mining was lying when they said that the $800M bridge loan was needed because of the cone crusher failure. Why would the be borrowing money 2 weeks before it happened? Second, it proves this has been in the works for a very long time. Daniel Major knew about this: - during the Feb 4 Conference call - during PDAC conference - during March 8 press release
So for him to flat out LIE to shareholders and say CMM was first approached by White Tiger for a merge in March???!!! What is the son a bitch thinking? We wouldn't find out or what?
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