IKN

a plague o both your houses

Cabral Gold (CBR.v) may “need to repurchase” Dennis I Want Moore’s shares in the company

Wouldn’t that be a thing? Here’s the top of the NR from one of Gwen Preston’s many paymasters, Cabral Gold (CBR.v), with your author highlighting six of the words:

TORONTO, June 8, 2021 /CNW/ – Cabral Gold Inc. (TSXV: CBR) (OTC: CBGZF) (“Cabral” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of investment dealers led by Cormark Securities Inc. (collectively, the “Underwriters”) pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, an aggregate of 18,520,000 units (the “Units”) from the treasury of the Company, at a price of $0.54 per Unit for total gross proceeds to the Company of approximately $10 million (the “Offering”).

Oh look, treasury shares! That is strange, because this company hasn’t run any sort of share buyback recently. However, it does have people who were recently directors and still own multi-million share blocks of the company. I think it fair to ask Dennis I Want Moore just why that little phrase “from treasury” made it to tonight’s NR, him being an avid reader of the blog and all that. Care to comment, Dennis, what with you leaving in April and getting even more shares-for-debt on the way out the door, too?

1 Comment

    Cat got your tongue, Dennis?

    Reply

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