Ann: News Release - Goliath Gold , page-20

BB

Fancy meeting you here on this thread.

Not a classical reverse takeover, but some of motivators are the same (e.g. avoid regulatory hurdles, etc).

Humorous but true. I also found this amusing during Gloucester/Whitehaven coal uneventuated Reverse takeover. There it almost worked out despite a 20% holder being against it.

A possible motivator here, and I am just guessing, is to avoid the White Water's major shareholders voting down the transaction as this way it will not result in change of control of WW. They would probably needed to get a much higher percentage of votes for straight takeover.

WWR is up 17.65% on the news
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=WWR:SJ

I would expect a wild ride tomorrow as it is almost impossible to value. The acquirer usually dips but not sure here.

All my opinions only.