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Red Eagle Mining reconfirms superior offer to acquire CB Gold and advises of regulatory complaints against CB Gold and Batero
Red Eagle Mining reconfirms superior offer to acquire CB Gold and advises of regulatory complaints against CB Gold and Batero.
About this update from Red Eagle Mining Corp
[{"type":"text","content":"\n\n\n\nRed Eagle Mining reconfirms superior offer to acquire CB Gold and advises of regulatory complaints against CB Gold and Batero\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nRed Eagle Mining reconfirms superior offer to acquire CB Gold and advises of regulatory complaints against CB Gold and Batero\nPR Newswire\nVANCOUVER, Aug. 24, 2015\n\n\n\nVANCOUVER, Aug. 24, 2015 /PRNewswire/ - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) reminds shareholders of CB Gold Inc. (\"CB Gold\") to tender their Shares to Red Eagle Mining's superior Offer.  The share exchange takeover bid, including consideration to CB Gold shareholders of 0.162 Red Eagle Mining shares for each CB Gold common share (\"Share\") issued and outstanding (the \"Offer\") expires August 31, 2015.  Shareholders whose CB Gold Shares are registered in the name of an investment dealer, stockbroker, bank, trust company or other nominee should instruct that nominee to promptly tender their Shares.  Shareholders are encouraged to provide tender instructions well in advance of the expiry as nominees may implement internal tender submission deadlines as early as this Thursday, August 27, 2015.\n\nRed Eagle Mining outlines the reasons and benefits of tendering to its Offer below and addresses concerns with the actions of CB Gold and Batero, which shareholders should be aware of and carefully consider before making their decision.\n\nReasons to Accept the Red Eagle Mining Offer\n\nSupport of CB Gold Shareholders - Approximately 40% of all CB Gold shareholders or 50% of disinterested shareholders have already tendered their shares to Red Eagle Mining.\n\nAdvanced Gold Development Company Exposure - Participation in Red Eagle Mining's flagship project, the 100% owned, fully permitted, fully financed and in construction Santa Rosa Gold Project in Colombia which is expected to be in production during 2016.  Red Eagle Mining also plans to aggressively advance development of the Vetas gold deposit.\n\nSuperior Financial Capacity - Red Eagle M...