GREY:NMKEF - Post by User
Post by
bigkaganon Aug 25, 2020 11:40am
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Post# 31450241
How much is residual cash?
How much is residual cash?it looks like they threw a bone to the retail investors in the form of transferring the closing cash to the RNL so that shares will be worth a few cents IMHO
The consideration offered under the Bid is comprised of the assumption of liabilities by New Nemaska Lithium totalling at least $146,500,000 (including the Orion and the Johnson Matthey Battery Materials Ltd. secured claims), and the transfer to Residual Nemaska Lithium of the Corporation’s cash on hand on closing, subject to certain adjustments (the “Residual Cash”).