Nemaska Lithium Inc NMKEF

Residual nemaska lithium - complicated sale proceedings

[Tcheck]

As part of the bid, Nemaska would be reorganized into a new entity, Residual Nemaska Lithium, that would hold specific excluded assets and liabilities of Nemaska, with Nemaska shares exchanged for the units in the residual company.

Based on the release, the excluded assets and liabilities above are likely associated with Orion’s share of the secured debt

can we refuse to exchange our shares and hand them over to the residual
company? Refuse to be associated with orions secured debt ?
simply refuse ?

what is this all about anyway.seems complicated way of getting rid of shareholders

[dalesio_98]

Reverse vesting orders, creating new entities, legal maneuvering under CCAA resulting in no recovery for current shareholders. Current shares may also be cancelled.