GREY:CRXEF - Post by User
Comment by
jedstervton Nov 15, 2013 10:16am
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Post# 21909378
RE:RE:RE:Trading
RE:RE:RE:Trading Unless I, as a U.S. investor, can sell my CXT shares for a profit before the deal locks them up, I hope I still end up with a worthwhile profit down the road. Best to all longs.
From News Release:
"Information for U.S. Creso Shareholders
Due to U.S. securities law considerations, Nichromet will not distribute its subordinate voting shares into the United States or to U.S. Creso shareholders. Accordingly, no U.S. Creso shareholder will be entitled to receive Nichromet subordinate voting shares. All Nichromet subordinate voting shares that a U.S. Creso shareholder would have been entitled to receive under the Amalgamation will instead be issued and delivered to a depositary, and the depositary shall use its best efforts to sell such shares through the facilities of the exchange upon which the subordinate voting shares may be listed as soon as practicable after the Amalgamation, on such dates and at such prices as the depositary determines in its sole discretion, through one or more brokers with whom the depositary transacts business."