RE:RE:RE:RE:RE:Also Sept 30 Management’s Discussion and Analysis is outI sit in Europe. For me Canadian legal financial language is difficult to be translated into clear text.
How is the way to 10 % for shareholders (from potentially
up to around 1.15 B US$) ?
Under paragraph 4 + 6 they wrote:
4) to the Company, US$30,000,000... 6) to the Company, the balance (if any) of the Claims Proceeds.
Accordingly, the Company will not be entitled to retain any portion of the Claim Proceeds pursuant to step four of the distribution waterfall described above unless the Claim Proceeds (net of any amounts payable to Graywolfe pursuant to the Credit Agreement) exceeds amounts payable to the holders of the Promissory Notes and CVRs in the first, second and third steps of the distribution waterfall described above.
------- https://sedar-filings-backup.thecse.com/00003568/2311291348148493.pdf