OTCQX:FSXLF - Post by User
Comment by
Tadon Nov 02, 2020 12:51pm
136 Views
Post# 31823316
RE:Leviathan spin
RE:Leviathan spinAlbertatrader :
I know this has been asked before and I somehow missed the answer. What is the effective date to be ellegible for the Leviathan gold shares? I know the meeting got pushed but I'm a bit confused on what date you need to be a fsx share holder to qualify for the free shares.
thanks in advance!
https://fostervillesouth.com/fosterville-south-exploration-provides-a-letter-to-shareholders/ "...... We have received a number of incoming questions as of late from shareholders and prospective shareholders with regard to the spinout of our Avoca and Timor projects so for clarity, we provide the following information about mechanics:
- On Nov. 13, there is a meeting to approve the spinout transaction.
- Assuming success at that meeting, an effective date will be announced (estimated to be five business days post the meeting).
- Every shareholder of Fosterville South on the effective date will receive one share of Leviathan Gold for every one share of Fosterville South they own on the effective date.
An estimated five business days would imply a date of November 20, which would be the last trading day before the July financing, which closed at $4.00, becomes free trading. You would probably have to own shares by November 18 when taking into consideration the two day transaction process.
GLTA !