Lightstream Resources Ltd. LSTMF

RE:RE:Did the shareholders ever vote for the restructuring?

[NeewNeew]

Each class is dealth with seperately. Hence the "OR" in August 29 2016 Document:

In the event the Company moves to the CCAA process, the members of the Ad Hoc Committee will, subject to the terms and conditions of the Support Agreement, make (or direct) a credit bid (the "Secured Notes Credit Bid") of the full amount of the claims outstanding in respect of the Secured Notes through a newly formed entity, which credit bid may serve as a stalking horse transaction in the SISP if the Ad Hoc Committee so elects, or the Ad Hoc Committee may implement an alternative transaction structure within the CCAA proceedings that is acceptable to the Ad Hoc Committee and Lightstream, each acting reasonably. The members of the Ad Hoc Committee have agreed that, subject to the terms and conditions of the Support Agreement, in the event that the Secured Notes Credit Bid is the successful bid, they will replicate the consideration 4 offered to Unsecured Noteholders or Shareholders in the Recapitalization as part of the Secured Notes Credit Bid, provided that, the Unsecured Noteholders or Shareholders, as the case may be, previously approved the Recapitalization at the requisite levels at their respective special meetings held to vote on the Recapitalization.

I agree that the July 13 agreement is dead in the water. The sale process scenario (AKA CCAA scenario) is accounted for in the August 29 2016 Document (https://www.lightstreamresources.com/files/pdf/investor-relations/2016/2016-Management-Information-Circular.pdf). The unsecure note holder lost any part of this deal due to there letigation. Shareholders seems to be still in the game.

Where did you get the 60% of all parties requirement from? I could not find any document related to that figure.
And when was the shareholders vote held? I could not find any document related to this as well.