RE:RE:RE:Is it safe to assume true377 wrote:
seems the vote is for going forward with spin off , my question is has anyone ever seen the date you have had to have been on record being before the vote?
its odd as PUF had the date established before the vote for their spin off
Following the Meeting, the board of directors of Far Resources will set a share distribution record date to determine those shareholders who will receive the SpinCo Shares (the “Share Distribution Record Date”). As of the Share Distribution Record Date, each Far Resources Shareholder will receive his or her pro-rata share of the common shares in SpinCo subject to the Conversion Factor and at the same time will continue to hold the same number of Far Resources Shares that they held prior to the Plan of Arrangement.
After the Plan of Arrangement shareholders of Far Resources will hold an interest in two operating companies and will benefit from the Company’s plan to list the SpinCo Shares on a stock exchange that will ultimately provide shareholders the opportunity to realize the benefit of additional liquidity in their investments.
The Plan of Arrangement is subject to approval by the Company’s shareholders at the Meeting. It will also be subject to court and regulatory approval. The Company will provide full details of the Plan of Arrangement in the Information Circular that will be mailed to eligible shareholders and will be made available on SEDAR. Further details will be provided to shareholders and other stakeholders via news releases.