Well, it looks good to me, that's if I could understand it all! Maybe someone with a better understanding of corporate actions can give us their take on it?
What about this section right at the end:
"As a result of the transaction, Gold One will be required to make a mandatory offer to White Water Resources shareholders in terms of the Securities Regulation Code and Rules of the Securities Regulation Panel. Gold One intends to make an offer of one Gold One ordinary share for every
12 pre-consolidation White Water Resources shares held. Concurrently, Gold One will seek to obtain irrevocable undertakings from shareholders of White Water Resources holding at least 185- million shares, being 50% of the existing White Water Resources share capital, not to accept the offer."
Gold One will seek to obtain irrevocable undertakings from shareholders of White Water Resources ... not to accept the offer.
Hilarious. Looks like they need to do this get around the "Securities Regulation Code and Rules of the Securities Regulation Panel".
How much of the run up today was due to all of this I wonder?
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