CB Gold Inc. (TSX-V:CBJ) is keen to correct Red Eagle’s propaganda and confirm its unanimous board support for the ongoing and superior offer from Batero Gold Corp.
In response to the improved Batero offer announced on September 4, 2015 and open until September 18, 2015, CB Gold has NOT been acquired by Red Eagle and, indeed, the same and an increasing percentage of CB Gold shareholders have now tendered to the Batero offer as to the Red Eagle hostile take-over bid. The expiry date of Red Eagle’s hostile take-over bid was September 14, 2015. Batero’s superior offer remains open until September 18, 2015.
Earlier today, Red Eagle Mining Corporation (EDITORS NOTE: We elected not to post the Red Eagle release in light of this information from CB Gold) announced that it had acquired CB Gold. Indeed, their website currently captions today’s press release as “CB Gold Acquired”. This is blatantly false. Red Eagle has not acquired CB Gold. Indeed, the number of CB Gold shares tendered to the Red Eagle hostile take-over bid is currently the same as the number of CB Gold shares tendered to the superior Batero offer — and the Batero offer has not yet expired. CB Gold remains an independent company working to maximize shareholder value. CB Gold has complained to the British Columbia Securities Commission about Red Eagle’s flagrantly misleading tactics that are intended to confuse CB Gold shareholders into believing that Red Eagle has actually acquired CB Gold — it has not.
The CB Gold board of directors unanimously recommends shareholders TENDER IN FAVOUR of the superior Batero offer.
How to Tender CB Gold Common Shares to the Batero Offer
All questions regarding the Batero Offer and how to tender CB Gold Common Shares to the Batero Offer should be directed to Kingsdale Shareholder Services, the information agent and depository, at 1-866-581-0506 (North American Toll-Free) or 416-867-2272 (Collect Calls) or by email at email@example.com.
About CB Gold Inc.:
CB Gold is a mineral exploration company headquartered in Vancouver, British Columbia. CB Gold, through its wholly-owned subsidiary, Leyhat Colombia Sucursal, is actively pursuing the exploration and development of mineral properties in the Republic of Colombia. The Vetas Gold Project consists of a number of existing mines and exploration concessions.
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