Royal Road Minerals Ltd. (CVE:RYR) has taken up a total of 137,822,549 common shares of Caza Gold Corp. deposited under its offer dated Jan. 20, made to Caza shareholders, representing over 90% of Caza’s issued and outstanding common shares.
The offer, which initially expired on Feb. 27, and was subsequently extended until March 13, has now expired and will not be further extended.
Royal Road Minerals intends to acquire all of the remaining Caza common shares not deposited under the offer pursuant to the compulsory acquisition provisions in Section 300 of the Business Corporations Act (British Columbia).
Royal Road Minerals expects to mail a notice of compulsory acquisition to all remaining holders of common shares shortly.
Royal Road Minerals further intends to cause the Caza common shares to be delisted from the TSX Venture Exchange.
Story by ProactiveInvestors