It's a takeover not a JV.
If CTO is successful:
1. GML could be delisted & become a subsidiary of CTO or
2. CTO will more likely dilute its interests in GML by using the entity as a capital raising vehicle & may do what you say but in both regions. Ultimately CTO would want to secure a future for itself.
Ann: GML: Target's Statement , page-8
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Mkt cap ! $13.5M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $4.993K | 1.165M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3403261 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 7556171 | 16 |
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