Re: Inverse Correlation - Luxor Successfully Bids For Crocodile
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Message: Re: Inverse Correlation - Luxor Successfully Bids For Crocodile
markets.ft.com => CRK.TO Business Profile
Crocodile Gold Announces Completion of Bid as Luxor Capital Group Becomes 70% Shareholder
Thu, 9 Feb, 2012 7:30 AM EST
TORONTO, ONTARIO--(Marketwire - Feb. 9, 2012) - Crocodile Gold Corp. ("Crocodile Gold") (TSX:CRK.TO - News)(OTCQX:CROCF.PK - News)(FRANKFURT:XGC.F - News) announces that Armant, LLC (the "Offeror"), an affiliate of investment funds managed by Luxor Capital Group, LP ("Luxor Capital") has announced that approximately 170,618,271 Common Shares have been tendered pursuant to the previously announced offer to acquire up to 215,386,435 common shares ("Common Shares") of Crocodile Gold at a price of $0.62 per Common Share (the "Offer") and investment funds affiliated with the Offeror will take up and pay for such Common Shares. The Common Shares taken up, together with the Common Shares already owned or controlled by Luxor Capital, represent approximately 70% of the outstanding Common Shares. Yahoo.com
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