GREY:ABGPF - Post by User
Post by
Realist2018on Feb 13, 2018 12:41am
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Post# 27548764
Fuller Disclosure
Fuller DisclosureAccording to Westwater’s Preliminary Proxy Statement filed with the SEC, it was Tyler Dinwoodie who negotiated the November 23, 2017 LOI calling for a 0.13:1 exchange ratio. According to CSPG’s Circular, Tyler Dinwoodie holds a change of control contract:
Alabama Graphite has binding consulting agreements with two officers, Tyler W.P. Dinwoodie (President and Corporate Secretary) and Ann-Marie Pamplin (Vice-President, Investor Relations), that contain both termination clauses and change of control provisions, totalling $440,400, provided the consulting agreements are terminated by Alabama Graphite or the contractor within six months of the event giving rise to the change of control.
According to Westwater, on December 7 the exchange ratio was reduced from 0.13:1 to 0.08:1 According to CSPG’s Circular:
After receiving Westwater’s proposal, the Special Committee was able to negotiate several changes to the terms which eventually resulted in the Arrangement Agreement that was executed on December 13, 2017