Centurion Gold Holdings Receives Buy Out Offer - 0,45$ p. Share - 500 Beiträge pro Seite

[wayne99]

Centurion Gold Holdings Receives Buy Out Offer At More Than Double Its Current Trading Price; Board Considering Offer From Publicly Traded Natural Resources Company
Centurion Gold Holdings, Inc. (OTCBB:CGHI), the only South African junior gold mining company publicly listed in the U.S., announced today that its Board of Directors is considering an offer for the purchase of the entire issued, and to be issued, share capital of Centurion Gold Holdings, Inc. The offer is valued at $0.45 cents per share, 104% above Centurion Gold Holdings` closing price of $0.22 per share on June 24, 2005. The offer values Centurion Gold at approximately $67.6 million.

The buy out offer comes from a publicly-traded natural resources company involved in exploration and mining. Under the proposed offer, the structure of the post-acquisition company would include two key Centurion executives. Centurion`s Chairman and CEO, Dale Paul, would serve as the merged company`s Chief Executive Officer and Centurion`s CFO, Arthur Johnson, would serve as a non-executive Director.

"We are pleased to receive an offer for Centurion Gold that values us at more than twice our current trading price," stated Mr. Dale Paul, CEO and Chairman of Centurion Gold Holdings. "Our board is currently evaluating the offer and its potential benefits for our shareholders."

Full disclosure of the company making the buy out offer will be made available in the event that Centurion`s board of directors accepts the offer.

About Centurion Gold Holdings, Inc.:

Centurion Gold Holdings is the only South African junior gold mining company publicly listed in the United States. The Company is executing a roll-up strategy acquiring proven mineral assets, "growth through acquisition"; these assets consist of near revenue stream and existing low-cost production operations with turnaround opportunities. Based in South Africa, the Company is ideally suited to exploit new legislation implemented by the government in May 2004. This legislation enforces a "use it or lose it" strategy, whereby all mining claims must be prospected within a designated time frame; otherwise, such prospects revert to the state, thereby creating never-before-seen opportunities, particularly for smaller companies like Centurion. The Company has built a strong team of experienced management and operations mining professionals to exploit these opportunities, and is positioning itself to become a major producer by continually implementing its "growth through acquisition" strategy.

Forward-Looking Statements:

Statements about the Company`s future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Securities Litigation Reform Act of 1995. The company`s actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release the Company will appropriately inform the public.


MCC Financial Services
Dilek Mir (U.S.), 310-453-4667 x235
Leslie Richardson (U.S.), 310-453-4667 x239
[e-mail]
or
Carrie Howes (U.K. and Europe), [phone]
[e-mail]



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[wayne99]

Zusätzliche Quelle:

http://biz.yahoo.com/bw/050627/275413.html?.v=1

[02673]

Wie kann der CEO über ein Angebot von 0,45 USD erfeut sein, wenn er den Shareholdern vorher immer damit kommt, dass die Assets mehrere Dollar pro Aktie Wert sein.

Wenn die Veröffentlichungen von vorher die tatsächliche Situation wiederspiegeln würden, dann müsste dieses Angebot natürlich als lächerlich bezeichnet werden.

Natürlich ist nicht genau beleuchtet, welche Vorteile für ihn aus einer Übernahme entstehen.
Und da er ja aus seinen Aktien zu einem Kurs von über 3 Dollar raus ist, kann ihn der Kurs ja egal sein. Hauptsache er bekommt einen guten Posten in der neuen Zusammenstellung. Dises klingt ja in der NEws an.

Für die Aktionäre, die mit "Hurra" zu Kursen bei 0,8 € rein sind, ist dieses Angebot natürlich eine herbe Enttäuschung.

Allerings war diese ja absehbar angesichts der Überschwemmung des Marktes mit neuen Aktien. Die Informationspolitik der Firma war hier natürlich dreist, indem sie bei jeder angekündigten Übernahme zu nächst verschwiegen hat, was dieses die Firma kostet, und wie bezahlt wird.

Und das bei einer Übernahmeankündigung der Aktienkurs bei sehr hohen Umsätzen 30 % unter dem Übernahmepreis geblieben ist, gibt schon sehr zu denken.

Vielleicht haben da viele das wahre Potential der Firma erkannt.