RE:clarification To me it is quite clear that any shares issues on or prior 08/03 are subject to the spin-out and shareholder possessing those shares will be allowed to vote as well on the spin-out, any share issues after the Record Date are not in the spin-out deal and are not giving a wright to vote on the spin-out. This is my understanding.
At the Meeting, shareholders of the Company (the “Shareholders“) as of the record date, being August 3, 2022 (the “Record Date”), will be asked, among other things, to consider and, if deemed advisable, pass a special resolution (the “Arrangement Resolution“) to approve a spin-out transaction (the “Arrangement“) in accordance with the terms of the arrangement agreement entered into by the Company and Goldstorm Metals Corp. (“Goldstorm”), its wholly-owned subsidiary, on July 6, 2021, as further amended and restated on January 31, 2022, July 8, 2022 and July 28, 2022 (the “Arrangement Agreement“) by way of a statutory plan of arrangement under section 288 of the Business Corporations Act (British Columbia).
Pursuant to the Arrangement, among other things:
- Shareholders as of the Record Date will receive approximately 0.251 of a common share of Goldstorm (a “Goldstorm Share”) for every one common share of Tudor Gold held; and