"subject to superior offer"
Now Lion's get placement @ 11.5c for 12% of CGT.
Does Lion think they may only get minimum acceptance to take this placement? Is this extra capital which will add about 30% to CGT's cash make much difference in the overall scheme of things?
Or do Lion expect a superior offer forthcoming allowing them a $250k fee plus at the least doubling their money on placement???
all scrip takeover offer by liongold, page-9
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