OTCPK:ATGYF - Post by User
Comment by
xyellowkniferon Mar 30, 2012 5:56pm
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Post# 19741384
RE: CWV shares.. when?
RE: CWV shares.. when? It looks like this arrangement will have to be approved by 2/3rds of the Shareholders at a special meeting in May. Note that there is also a first right of refusal by third parties that must clear as well. It could be mid June before we know the results of this. I have quoted from the news release below.
"The Arrangement will be completed pursuant to a plan of arrangement which contains certain conditions precedent including the approval of at least two-thirds of the votes cast by Antrim Shareholders at a special meeting to be called to consider the Arrangement along with customary regulatory, court and other approvals. Antrim's interest in its Tierra del Fuego Concessions is subject to certain rights of first refusal by third parties ("ROFR"). In the event that the ROFR is exercised, the consideration under the ROFR will be paid to Antrim, no distribution will be made to Antrim Shareholders and the Cerro de Los Leones property will be transferred to Crown Point for a fixed cash consideration which will be paid to Antrim on closing."
An Information Circular outlining the Arrangement is expected to be mailed to Antrim Shareholders in April 2012, with the meeting anticipated to take place in May 2012, with closing to follow shortly thereafter. Further particulars, including the record and meeting dates, will be announced in due course.