Am I reading this correctly on Sedar? From what I think I understand, is, If Aurora takes over Cannimed, and Newstrike and Cannimed do not merge, Cannimed must pay Newstrike a $9.5 million dollar termination fee. Let's hope Aurora takes them over, then we are in the green, and have money to reinvest.
What is your opinion?
Go to Sedar, click on "issuer profiles". Click on the letter "C". It will take you to all the publicly traded companies, Look for Cannimed, click on "view this company's documents), here you can find you can find any news releases, material change reports, etc.
Go to "Nov 17 news release". On page one, at the bottom, it reads:
"
The Arrangement Agreement provides that both parties are subject to nonsolicitation provisions and provides that the board of both companies may, under certain circumstances, terminate the Arrangement in favour of an unsolicited superior proposal, subject to the payment of a termination fee of C$5 million by Newstrike to CannMed or C$9.5 million by CanniMed to Newstrike, as the case may be. In addition, the Arrangement Agreement includes provisions providing for expense reimbursement of up to $600,000 from one party to the other in the event that the agreement is terminated under certain circumstances."
WHAT DO YOU GUYS THINK?