GOR 2.05% $1.74 gold road resources limited

M&A Probability, page-17

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    As part of the sale of a 50% interest in the Gruyere Gold Project and formation of the Gruyere
    Project Joint Venture, Gold Road agreed with Gold Fields Australia Pty Ltd (GFA) and its affiliates
    a standstill arrangement in which they must not acquire a relevant interest in any securities of
    Gold Road greater than 10% unless agreed in writing by Gold Road during the standstill period
    (Standstill). The Standstill applies to any further acquisition of relevant interests by GFA and its
    affiliates of Gold Road shares. The Standstill ends on the earlier of:
    1. two years after GFA or its affiliates cease to be a participant in the Gruyere Project Joint
    Venture;
    2. a person or persons jointly or in concert (other than GFA or its affiliates), publicly
    announce their intention to commence a transaction which would result in a person or
    persons acquiring a relevant interest of 20% or more in Gold Road’s issued shares (Control
    Transaction); or
    3. the date Gold Road publicly announces that its Board of Directors has approved an
    agreement which contemplates a Control Transaction.

    Find it here
    http://www.goldroad.com.au/document/27-premium-paid-gold-fields-increase-holding-10/
 
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