Woulfe/Almonty stock transferJust a potential heads up for any Woulfe stock holder who has his/her Woulfe stock certificates registered in their own name versus the street name of their broker or some clearinghouse. The transfer agreement underlying this merger provides that today, August 27, is the "anticipated date" that the merger is to close. We all know that regulatory and court approval is required so this 8/27 date is obviously flexible.
However, from my reading, the transfer agreement also requires that a "letter of transmittal" MUST be completed and filed by any common Woulfe stockholder whose stock certificates are registered in their own name (versus in street name with their brokerage or a clearinghouse) and important time deadlines apply for the required filing.
I expect the vast majority of Woulfe stockholders have the stock certificates in street name so the letter of transfer will not be required. However, I urge everyone to at least take a look at this document to determine if and how it may apply in the case of their specific transfer. I plan on calling my broker to see if there is anything necessary on my part to see that my transfer goes through without difficulty.
The following is taken from a recent post on the WOF bullboard that pertains to the letter of transmittal at issue:
According to the last news (see https://www.stockhouse.com/news/press-releases/2015/08/21/woulfe-shareholders-approve-plan)
"Under the terms of the Plan of Arrangement, each Woulfe shareholder will receive 0.1029 of one Almonty common share for each Woulfe share held. In order to receive the consideration, Woulfe shareholders should follow the instructions that are set out in Woulfe's Management Information Circular dated July 28, 2015, available at https://www.sedar.com/ under Woulfe's SEDAR profile."
Once you get to the Sedar search site (by clicking the above hyperlink, do a search for "Woulfe Mining" documents dated July 28, 2015. That should pull up a list of the merger documents. At the end of the list should appear two document types entitled "other." Clicking on the first "other" on the list should bring up the "Letter of Transfer," and details about who needs to complete it, time deadlines, and instructions. As noted, I suspect this may only apply to a few shareholders but, if it applies, those shareholders certainly need to be aware of its contents, notably because of its time deadlines and potentially harsh consequences if the form is not timely completed. The letter also provides guidance to those whose Woulfe stock certificates are registered in brokerage accounts, rather than their own name. Good luck! Seg.