Batero 'raised' offer for CB Gold is illusory - "Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) notes that Batero Gold Corp. ("Batero") has stated that it has increased its offer to acquire all of the common shares ("Shares") of CB Gold Inc. ("CB Gold") to an implied value of $0.06 per share. Batero further states that CB Gold shareholders may 'elect' to receive a partial cash consideration. CB Gold shareholders are cautioned that Batero has capped the amount of cash that it will pay to CB Gold shareholders at $5.4 million or approximately $0.03 in cash per Share (one quarter of one cent above its previous bid). The remainder will be paid in Batero shares." More
- 09/08/15 | Item |


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