Welcome to the Equinox Gold Hub On AGORACOM

Free
Message: White Tiger Gold Ltd. and Century Mining Corporation Announce Proposed Business

Looks like they need 66.6% of the shareholder vote. I can't imagine they would get it.

Dissent!

The Court Process

Upon entering into the arrangement agreement, the parties would apply to a court for an "interim order" that will give directions on calling and giving notice of the meeting of securityholders, the conduct of the meeting and the level of approval by which securityholders of each class must approve the arrangement (usually 66⅔%). In practice, the court will almost always grant rights of dissent to securityholders, which when exercised generally entitle the dissenter to be bought out at "fair value".

Share
New Message
Please login to post a reply