Who on earth would tender their shares for 1 cent? Here is the web site note:
Nirek Takeover Bid
Nirek's offer significantly undervalues shares of Century Mining.
Nirek is offering to pay C$0.01 per share of Century Mining, or the equivalent of only twenty five cents per ounce for Century's gold resources. (1)
The Board of Directors of Century believes this undervaluation is unfair to you, our shareholders.
The Board of Directors of Century advises shareholders not to tender their shares to this offer.
(1) Calculation based on NI 43-101 compliant gold resources and gold equivalent resources in measured and indicated, and inferred categories for Century's Lamaque (100% interest) and San Juan (82.6% interest) mines.
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