InvestorsHub Logo
Followers 1
Posts 290
Boards Moderated 0
Alias Born 11/04/2013

Re: None

Saturday, 11/15/2014 11:36:31 AM

Saturday, November 15, 2014 11:36:31 AM

Post# of 12338
???
a right of first refusal (ROFR) issued to ICL on the direct and indirect disposition of Allana’s interest in the project, as long as ICL continues to beneficially owns 7.5% of the fully diluted common shares outstanding of Allana Potash. Am I mistaken or does this language give ICL the right of refusal to the project which would include any SOP development, if feasible?

Read more at http://www.stockhouse.com/companies/bullboard/t.aaa/allana-potash-corp#7k8mjEKYlr1k4DAF.99


Now this is funny. I can hardly imagine that there is anybody investing who would not know what ROFR is.

ROFR gives ICL the right to do the deal for the same price as the highest bidder without bidding. To be more clear, if there is a buyer who would offer 400M for Allan,a ICL has the right (but no obligation) to buy Allana for the same price.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.