Commander Resources Confirms Expiry of Unsolicited Takeover Bid by FruchtExpress Grabher GmbH & Co KG
Commander Resources (TSXV: CMDRF) has announced the expiry of the unsolicited takeover bid by FruchtExpress Grabher GmbH & Co KG (FEx). The all-cash bid failed to meet the required tender conditions. Despite this, Commander and FEx have agreed to collaborate on future endeavors.
Commander's Board and Management remain committed to their strategy of building a Canada-based copper explorer. The company's portfolio includes three porphyry copper-gold projects, a high-grade copper-gold VMS project, and a carried interest in a copper-gold project. With a strong treasury and tight capital structure, Commander is well-positioned to explore value-maximizing opportunities for shareholders.
The company has engaged GenCap Mining Advisory as its financial advisor and Harper Grey LLP as legal advisor. Laurel Hill Advisory Group provided proxy solicitation and advisory services.
Commander Resources (TSXV: CMDRF) ha annunciato la scadenza dell'offerta di acquisto non richiesta da parte di FruchtExpress Grabher GmbH & Co KG (FEx). L'offerta totalmente in contante non ha soddisfatto le condizioni di adesione richieste. Nonostante ciò, Commander e FEx hanno deciso di collaborare a futuri progetti.
Il Consiglio di Amministrazione e la Direzione di Commander rimangono impegnati nella loro strategia di costruire un'esploratore di rame con sede in Canada. Il portafoglio dell'azienda include tre progetti di rame-oro porfirico, un progetto VMS di rame-oro ad alta legge e un interesse portato in un progetto di rame-oro. Con una solida liquidità e una struttura di capitale contenuta, Commander è ben posizionata per esplorare opportunità che massimizzino il valore per gli azionisti.
L'azienda ha coinvolto GenCap Mining Advisory come consulente finanziario e Harper Grey LLP come consulente legale. Laurel Hill Advisory Group ha fornito servizi di sollecitazione di deleghe e consulenze.
Commander Resources (TSXV: CMDRF) ha anunciado la expiración de la oferta de adquisición no solicitada por parte de FruchtExpress Grabher GmbH & Co KG (FEx). La oferta, completamente en efectivo, no cumplió con las condiciones requeridas para la aceptación. A pesar de esto, Commander y FEx han acordado colaborar en proyectos futuros.
La Junta y la Dirección de Commander siguen comprometidas con su estrategia de construir un explorador de cobre con sede en Canadá. El portafolio de la empresa incluye tres proyectos de cobre-oro porfídico, un proyecto VMS de cobre-oro de alta ley y un interés no financiado en un proyecto de cobre-oro. Con una fuerte tesorería y una estructura de capital ajustada, Commander está bien posicionada para explorar oportunidades que maximicen el valor para los accionistas.
La empresa ha contratado a GenCap Mining Advisory como su asesor financiero y a Harper Grey LLP como asesor legal. Laurel Hill Advisory Group proporcionó servicios de solicitud de poder y asesoramiento.
커맨더 리소스(TSXV: CMDRF)가 프루흐트엑프레스 그라브허 GmbH & Co KG(FEx)의 비공식 인수 제안이 종료되었음을 발표했습니다. 현금 전액으로 된 제안은 요구되는 입찰 조건을 충족하지 못했습니다. 그럼에도 불구하고 커맨더와 FEx는 미래의 프로젝트에서 협력하기로 합의했습니다.
커맨더의 이사회와 경영진은 캐나다에 본사를 둔 구리 탐사업체를 구축하겠다는 전략에 계속 헌신하고 있습니다. 회사의 포트폴리오는 세 개의 구리-금 포르프리 프로젝트, 고품질 구리-금 VMS 프로젝트, 그리고 구리-금 프로젝트에 대한 지분을 포함하고 있습니다. 탄탄한 재무와 긴축된 자본 구조를 바탕으로 커맨더는 주주 가치를 극대화할 수 있는 기회를 탐색할 수 있는 좋은 위치에 있습니다.
회사는 GenCap Mining Advisory를 재무 고문으로, Harper Grey LLP를 법률 고문으로 임명했습니다. 로렐 힐 어드바이저리 그룹은 위임장 조달 및 자문 서비스를 제공했습니다.
Commander Resources (TSXV: CMDRF) a annoncé la fin de l'offre d'achat non sollicitée par FruchtExpress Grabher GmbH & Co KG (FEx). L'offre entièrement en espèces n'a pas réussi à satisfaire les conditions d'acceptation requises. Malgré cela, Commander et FEx ont convenu de collaborer sur de futurs projets.
Le Conseil d'administration et la Direction de Commander demeurent engagés dans leur stratégie de construire une entreprise d'exploration de cuivre basée au Canada. Le portefeuille de l'entreprise comprend trois projets de cuivre-or porphyrique, un projet VMS de cuivre-or à haute teneur, et un intérêt reporté dans un projet de cuivre-or. Avec une solide trésorerie et une structure de capital bien maîtrisée, Commander est en bonne position pour explorer des opportunités maximisant la valeur pour les actionnaires.
L'entreprise a engagé GenCap Mining Advisory comme conseiller financier et Harper Grey LLP comme conseiller juridique. Laurel Hill Advisory Group a fourni des services de sollicitation de procuration et de conseil.
Commander Resources (TSXV: CMDRF) hat die Auslaufzeit des unaufgeforderten Übernahmeangebots von FruchtExpress Grabher GmbH & Co KG (FEx) bekannt gegeben. Das vollständig bar bezahlte Angebot erfüllte nicht die erforderlichen Bedingungen zur Einreichung. Dennoch haben Commander und FEx beschlossen, in zukünftigen Projekten zusammenzuarbeiten.
Der Vorstand und das Management von Commander bleiben ihrer Strategie treu, ein auf Kupfer basierendes Explorationsunternehmen mit Sitz in Kanada aufzubauen. Das Portfolio des Unternehmens umfasst drei porphyrische Kupfer-Gold-Projekte, ein VMS-Projekt mit hochgradigem Kupfer-Gold und einen carried interest an einem Kupfer-Gold-Projekt. Mit einer soliden Kasse und einer schlanken Kapitalstruktur ist Commander gut positioniert, um wertmaximierende Chancen für die Aktionäre zu erkunden.
Das Unternehmen hat GenCap Mining Advisory als seinen Finanzberater und Harper Grey LLP als rechtlichen Berater engagiert. Laurel Hill Advisory Group lieferte Services zur Stimmrechtsvertretung und Beratung.
- Strong treasury and tight capital structure
- Diverse portfolio of copper-gold projects
- Potential for value-maximizing opportunities
- Expiry of unsolicited takeover bid
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2024) - Commander Resources Ltd. (TSXV: CMD) ("Commander" or "the Company") today confirms that the FruchtExpress Grabher GmbH & Co KG ("FEx") all-cash unsolicited takeover bid for Commander has expired having failed to meet the required tender conditions. The Company and FEx have engaged in many discussions over the past weeks and have mutually agreed to let this bid expire and we look forward to working collaboratively on future endeavours of Commander. We thank our shareholders for their support and commitment.
Corporate Strategy and Goals
Commander's Board and Management remain committed to a strategy that has established a successful record of building a Canada-based copper explorer with an enviable copper-gold exploration portfolio. The current project portfolio includes three porphyry copper-gold projects, a high-grade copper-gold VMS project, and a carried interest in a copper-gold project amongst other property assets.
The Company is in a strong position to explore value maximizing opportunities for shareholders, with a strong treasury and a tight capital structure which will allow the company to access more advanced assets either through options or direct M&A activity.
More details about the Company's corporate strategy and goals can be found on Commander's website at https://commanderresources.com/investors/presentation.
Advisors
The Company has engaged GenCap Mining Advisory as its financial advisor and Harper Grey LLP. as legal advisor. Laurel Hill Advisory Group who provided proxy solicitation and advisory services.
Qualified Person
Robert Cameron, P. Geo. is a qualified person within the context of National Instrument 43-101 and has read and takes responsibility for the technical aspects of this release. All fieldwork completed to date and on-site supervision of the drill program was by Stephen Wetherup P. Geo.
About Commander Resources Ltd.
Commander is a Canadian focused exploration company that has leveraged its success in exploration through a combination of partnerships and sole funded exploration. Commander plans to drill our top priority projects as well as advance or partner out the next tier of
For further information, please call:
Robert Cameron, President and CEO
Toll Free: 1-778-989-1501
info@commanderresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under applicable laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222555
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