Twin Butte Energy Ltd TBTEF

RE:Sooner or later

[Oldfart74]

Expertchoc wrote: There will be an offer for shareholders otherwise the transfer of all of the cumulative resource tax accounts of Twin butte to the successor will not possible. An important fact also, the purchase price does not include any of this cumulative resource tax account, and it is allocate as follows : Petrolum and gaz rights (80%), tangibles (10%), and miscellaneous interests (10%). 

You forgot the paragraph in the PSA that stated that all tax pools would be transferred to the purchaser.  I'm not certain how this will be accomplished but perhaps by way of a CCAA filing.  There are confidential sections in the agreement that have not been disclosed.  The steps needed to effect the transfer may be included in these confidential documents.