Lightstream Resources Ltd. LSTMF

http://cfcanada.fticonsulting.com/Lightstream/docs/Approval%

[reefsandals4eva]

the fate of the shareholders hinged on what was in the nov. 29th purchase agreement.( Pg 2 paragraph 1). Page 3 paragraph 4 (vesting of the purchased assets)- this is the part I find scary, it talks about being free of all rights, and includes the term "security interests", however it could be referring to the controlling ownership, not minority shareholders, but I don't know for sure. It could possibly be in there to allow them to dilute our shares down to what they feel shareholders should get. which, in my eyes could be nothing, but I guess that's why I'm curious about what was in the purchase agreement. would this be a 45 day process or should the shares distributed pro-rata in Ridgeback be done by now?

[Pancho2]

The Support Agreement made between the Company and the Ad Hoc Committee, and filed with the Courts on July 13th 2016 stated that Shareholders will get 2.25% of Shares and  7.75% equivalent of warrants in the new Company They said this Support Agreement will be implemented as a Plan Transaction under the CBCA and if not successful, the Ad Hoc Committee will make a Credit Bid under the CCAA

[reefsandals4eva]

I agree with you to some extent, however the court document makes it appear like that's all out the window and there's a purchase agreement. It makes it look as though Ridgeback has complete control of what shareholders get. To come to an agreement you'd think they'd of had to consider minority shareholders, hence what you're saying. Why hasn't anything happened with the