OTCQX:FSXLF - Post by User
Post by
Boomer61on Mar 29, 2021 11:51am
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Post# 32898463
Levianthan Gold Spin out
Levianthan Gold Spin outI emailed Leviathan........unfortunately a wait.
The shares corresponding to each CUSIP number will be freely tradeable once each escrow period is over. The escrow periods are outlined below:
"As part of the conditional approval for the listing, the TSXV required that the Leviathan shares distributed to FSX shareholders on November 23, 2020 be subject to a Tier 2 Value Escrow such that 10% of the shares issued to FSX shareholders as part of the spinout will be freely tradeable on the listing date and the balance of the Leviathan Shares would be released in 15% increments every 6 months following the listing date with the final release occurring 36 months following the listing date of Leviathan. The TSXV required escrow replaces the escrow previously announced by FSX and Leviathan. Should Leviathan become a Tier 1 issuer, as defined by the rules of the TSXV, the TSXV mandated escrow release will be accelerated."