Look Communications Responds To NWT Uranium Corp Offer
Look Communications Inc. (LOK-K.V) responded to the announcement on January 8, 2013 by NWT Uranium Corp. (NWT.V) that the board of directors of its wholly owned subsidiary, Niketo Ltd. has resolved to make an all cash offer to acquire 33,260,968 multiple voting shares (or such number that will result in Niketo acquiring a voting interest of 49.9%) of Look at a price of $0.125 per share.
It said: "The offer has not yet been received by Look and Look's shareholders are advised to take no action at this time. Look's board of directors, in accordance with its fiduciary duties and with counsel from its legal advisers, will fulfill its legal responsibility and will evaluate any formal offer and will recommend a course of action that is in the best interests of Look and its stakeholders."
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