Not so simple for Sprott...... This is not a slam dunk transaction for Sprott. Alberta has some pretty strong legislation in regards to security law. Even with the creative merger to optimize tax credits and paperwork. The minority shareholders have a right to a separate vote from the major holders and than a comparison of the two percentages will be in affect. (Minority-majority) You also have rights under the dissent law. If it can be proven that the value offered for shares of westfire is under market value or the valuation wasn't according to like companies. The number I get is we rec'd only 55,000 per boe/d Cresent Point paid upwards of 70,000+ for similar properties. The dissent process works for small shareholders, however, you have to submit a written letter indicating your willingness to dissent to the deal and be prepared to submit reasons and valuation. Its not as complicated as it sounds. The companies involved have to deal with the dissents. Perfect class action situation. The value is very easy to prove in this situation!!! NO...I'm not a lawyer trolling for business. I have used the tools available to shareholders. Large or small. " We are getting zero value for the hot frac process either" Just do some homework on OPen range and its Posiden spin off. This hot frac process is real. And its very valuable. I bet my life baytex,Cresent Point or other companies seriously want to try this process or buy it!
Get out your cheque book sprott, your creating a storm.