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Bullboard - Stock Discussion Forum Cuervo Resources Inc CRVNF

"Cuervo Resources Inc is an exploration stage company. The Company is in the business of acquiring, exploring for and developing mineral properties in Perú."

GREY:CRVNF - Post Discussion

Cuervo Resources Inc > Find/Shiningbank merger US holders
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Post by badger2 on Aug 20, 2006 12:42pm

Find/Shiningbank merger US holders

I received notification from my broker (Fido) of the proposed merger. In the letter they implied that US Find shareholders would not receive trust units of Shiningbank, but instead, cash from the sale of the units. Are other US holders of Find hearing the same thing?
Comment by badger2 on Aug 21, 2006 8:11pm
I received this email from Shiningbank today. Thank you for your email. Find shareholders not residing in Canada will receive Shiningbank units during the transaction but they will be sold on the open market with the proceeds sent to the US resident. This action will happen within 5 business days of the deal closing. This action is due to SEC trading rules which does not allow Shiningbank to ...more  
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