Note: 4th press release since February 28th, 2012; take it with a grain of salt
Markray Corp (RVBR) announced last week that the Company has received an offer to purchase all its outstanding shares. This follows from the interest of its financial partner to acquire the outstanding shares of the Company as well as all the rights to the options the Company has to process additional minerals.
The offer to purchase all the outstanding shares of the Company is $.90 per share.
The Board concurs with this offer but must now present the offer to the major shareholders for consideration. Upon acceptance, the Board shall follow the normal procedures to complete the transaction.
RVBR: quarterly report
Markray Corp. is a Delaware corporation operating in the mining industry as well as the processing of tailings to extract gold, silver, platinum and iron. The company recently obtained the rights to exploit the stockpile of tailings situated within an area close to Moscow. The rights include the extraction and processing of 25 % of the tailings which were formed by the stocking of rejected material by chemical companies that were not interested or capable of separating these rare earth minerals.