RE: canwest + insiders Bluespruce, the following statement will be the 'key' determiner of what the final s/p will be as once all liabilities & obligations are dealt with then, and only then, will we know the bottom-line! This is the month of July therefore a NR should be forthcoming from PGN providing shareholders with a succinct picture on what's what!
PS- I just hope there are no Executive compensation packages pending!
Expected Use of Proceeds
The cash proceeds from the Transaction are expected to be used to repay Paragon's liabilities and obligations as they exist at closing. The remaining proceeds are expected to be distributed to Paragon shareholders at a future date. The exact amount of the cash distribution and the date for determining the Paragon shareholders of record will be confirmed at a later date.