GREY:CRVNF - Post by User
Comment by
badger2on Aug 21, 2006 8:11pm
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Post# 11254389
RE: Find/Shiningbank merger US holders
RE: Find/Shiningbank merger US holdersI received this email from Shiningbank today.
Thank you for your email. Find shareholders not residing in Canada will receive Shiningbank units during the transaction but they will be sold on the open market with the proceeds sent to the US resident. This action will happen within 5 business days of the deal closing. This action is due to SEC trading rules which does not allow Shiningbank to issue stock in the USA. You are free to turn around and invest the cash you receive in Shiningbank units by making a purchase on the Toronto Stock Exchange.
I can appreciate your disappointment at this news but unfortunately US trading rules govern the investors residing in the US. This information is covered, in several places, in the information circular that was forwarded to Find shareholders recently.
Regards,
Debbie Carver
Shiningbank Energy
Investor Relations Coordinator
PH: 403-218-7335
FX: 403-268-7499
Toll Free: 866-268-7477