RE: RE: RE: RE: RE: RE: Good News below is part of the news...as I understand this has to be voted by the share holders by June 30, 2013...it looks like I get .025 value for my AEE shares and on June 30th if all goes through I will receive a ratio of HUB shares for my AEE...my question if this all goes through and let's say if HUB shares on June 30 are worth $1.00/share my number of share exchange that is worked out today will still remain the same on June 30 as per today's agreement and thus I have made a very nice profit...so am I reading this right???
Pursuant to the terms of the transaction, shareholders of Anatolia will receive 0.106 of a Cub share for each Anatolia share held. The exchange ratio represents a market-to-market exchange ratio based on the 10-day volume-weighted average trading prices of the shares of each of Cub and Anatolia on the TSX Venture Exchange as at April 24, 2013. The board of directors of each company has approved the transaction.
The exchange ratio of 0.106 represents a value of 2.5 cents for each Anatolia share. Anatolia shareholders will receive approximately 13.9 million Cub shares. After giving effect to the arrangement agreement, Cub will have approximately 311.7 million Cub shares outstanding (pro forma the private company acquisition announced March 8, 2013). Upon closing, it is anticipated that 4.5 per cent of the issued and outstanding Cub shares will be held by existing Anatolia shareholders.
The arrangement agreement requires the approval of Anatolia shareholders and contemplates that Anatolia will hold a meeting of its shareholders on or prior to June 30, 2013, to permit shareholders to vote on the arrangement.