Would anyone know what that "effective date of the plan of arrangement" is? For the purpose of buying more shares, it will be a factor to consider.

From the NR:

"St. Elias shareholders will be entitled to receive one common share of Havilah for every 20 common shares of St. Elias held as of the effective date of the Plan of Arrangement."

Is the date of this release the effective date? or is it when it is approved?

From the NR: "The proposed Plan of Arrangement is subject to Exchange, regulatory, court and shareholder approval."

Often when there is a change such as a stock split, etc. the effective date is the date of the announcement.

Real