RE:RE:Australis and why we should vote for this.The real focus of that article for investors is that last paragraph. What will Aurora Cannabis shareholders get? The deal is structured as such that every Aurora Cannabis shareholder will get one share and one share warrant in Australis for every 20 shares held in Aurora for no extra cost. Each warrant will further entitle shareholders to buy one Australis share for $0.25 one year after the distribution. Non-Canadian resident shareholders of Aurora will get cash instead of shares in Australis. For example, lets say you own 200 shares in Aurora Cannabis. You will get 10 shares of Australis and 10 warrants on the date of distribution. After a year, you can exercise those 10 warrants to purchase 10 additional shares of Australis for $0.25 each, regardless of its then share price. In other words, as an Aurora shareholder, youd become a shareholder in Australis as well as soon the company goes public.
legaleafs wrote: Great post dro...very helpful.....thank you very much! EOM