This is actually great news guys.
Just to be clear, this does not relate to WBE, rather TSV Montney, which was hived off from TSV-proper (before becoming WBE).
For those who hold shares in TSV Montney (an unlisted company) this means our assets are being acquired for a fair price (ironically valuing TSV Montney nearly twice what the market is valuing WBE) and we will hold shares in a listed company. This means our money is no longer trapped, and the assets have a chance at being developed by Calima. So there is also the option of holding on.
This is an unexpected early Christmas present as far as I'm concerned as I was convinced TSV Montney was going to be sucked dry by paying wages and admin and I wouldn't see a cent back.
TSV-Montney 'friendly' takeover offer, page-4
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