Red Lake Madsen Mine Ltd LRTNF

Release clearly says...

[Cryptobreak]

WRLG will aquire "all issued and outstanding shares" which means Sprotts shares, my shares and your shares.......(https://www.stockwatch.com/News/Item/Z-C!PGM-3409516/C/PGM)

[shelby2]

ok then what? we get pennies or nothing?

[Cryptobreak]

Well they said they were aquiring all issued and outstanding shares in exchange of 28m shares of WRLG.. so 28m divided by 728m =x times the number of PGM shares you have = the number of WRLG shares you should get... unless there was en error of wording in the release, thats what it should be...

[shelby2]

Thanx Cryptobreak, wowwwww i get so many shares yippie

[Reid101]

I think , because of the reverse vesting order , Sprott lending will take all the shares. 

[UptickHedge]

Correct. 

[EvilPelican]

Incorrect.

[roberto146]

Reverse Vesting Orders – An Unusual or Extraordinary Measure (Harte Gold example). ... In particular, the Court noted that a bankruptcy proceeding would almost certainly result in lower recovery for stakeholders than the proposed RVO because of the risk, delay and cost involved in a traditional insolvency transaction.[14] The seven months of extensive solicitation efforts culminating

[UptickHedge]

Correct

[Cryptobreak]

Not saying what you are saying won't happen but reading through Harte gold news releases, I have yet to see any mention of silver Lake " aquiring all the issued and outstanding shares" of Harte and nowhere have we seen any mention of a "RVO" within PGM or WRLG news releases...  In the RVO,  it is said that the aquired company  remains intact but all its

[Cryptobreak]

Difference between vesting order and reverse vesting order:  A vesting order is a sale of assets; the good assets are taken out of the debtor company while the bad remain. A reverse vesting order is a purchase of shares in the debtor company. In a reverse vesting order, the bad assets – including liabilities and creditor claims – are removed, and the good assets stay in the company. ....

[roberto146]

"... nowhere have we seen any mention of a "RVO" within PGM or WRLG news releases ..." From the 5/18 WRLG news release re: the signing: "Closing of the Acquisition is subject to various conditions precedent including receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange, and receipt of the reverse vesting order from the Supreme

[Cryptobreak]

Thanks, i must have missed it in my reading.. but yeah they could easily have made it clearer..

[Cryptobreak]

The way I see it is all shareholders(including sprott) get their prorated shares of WRLG and Sprotts gets the other perks...