In the second half of 2008, Tagish Lake's share price was only 0. 05 Canadian dollars, its debt is 8 million Canadian dollars. When the global primary exploration company was at a low ebb and the Tagish Lake Company was in trouble, it immediately made a private placement and bought 40 million shares to control the Tagish Lake Company. But somehow, instead of making a decisive move, I joined hands with a Canadian problem company, Yukon Nevada Gold Mine. In April 2009, it reached a share swap agreement with Tagish Lake Company to acquire the company for 820,000 Canadian dollars. However, due to the failure to provide qualified GAAP financial statements, the exchange was rejected by the Toronto Stock Exchange, so the exchange was abandoned in September 2009. From June 5438 to 10, 2009, it purchased the mortgage creditor's rights of Tagish Lake Company for 654.38 to 0.5 million dollars, and controlled its board of directors. The chairman of the Tajish Lake Company is from China. 20 10 in April, Tajish Lake Company entered the bankruptcy protection procedure of the court and restructured its debts, becoming 10. 7% of shareholders.
On July 5, 20 10, another Canadian listed primary exploration company, New Pacific Metal Company, offered hostile shares to Tagish Lake Company, and paid all debts in cash at a purchase price of 0. 09 Canadian dollars per share. On August 3 1, 2065438, the Geological Exploration Bureau quoted Tagish Lake Company 0. Each share 12 Canadian dollars, and paid all debts in cash. In this commercial competition, New Pacific Metal Company announced the winner on September 65, 1965, with 438+00 and * * * acquiring 73.46 million shares, accounting for 53%. 2%. Although the conditions offered by the Bureau of Geological Exploration are very good, the author analyzes that the shareholders of Tagish Lake still choose to hold shares by local primary exploration companies in Canada, which reflects the differences in exploration business culture and long-term investment concept.
The Bureau of Geological Exploration missed the best opportunity for merger and acquisition when Tianshihu Company had a low price. Because the financial statements do not meet the requirements of GAAP in Canada, the foreign partners are improperly selected, the interests of most individual shareholders are not considered enough, the information disclosure of listed companies is not standardized, and the response to the competition in foreign commercial mineral exploration markets is not fast enough. Although it made a small gain, it finally lost control of the Skoukum gold mine project, leaving some regrets.