These discrepancies, which mostly relate to the definition of a "Permitted Bid", call into question whether the Plan was validly approved by the shareholders and, accordingly, whether the Plan is legally effective or should be used to deprive shareholders of the their right to choose whether to accept the Offer. Noront has raised these concerns with the securities regulatory authority in Quebec and intends to pursue with the regulators these and other issues relating to the Plan so that shareholders are free to make their own choice in accordance with the policies of the securities regulatory authorities.
Anyone got any experience with this type of thing? Been there, seen that sort of thing??
As the 18th edges closer, how long can a decision regarding validity take, it's either cut n' dried invalid or there's not a darn thing wrong.
Clarification's needed and needed soon.
Regards
Rob