RE: Restructuring T&C,
The royalties are cash flowing around $2m per year, the chairman has indicated that they have good interest in them, I am budgeting $6m price tag for them but they could go for as much as $10m.
I am sure about the CRA tax ruling, but I believe the company will need to hold a shareholder meeting to vote the transformation into a Trust or an MLP, assuming we get their restructuring proposal by the end of November/early December, the vote will probably take place in January and first dividend paid shortly after.
You welcome & I am glad my work has been of value to potential and existing investors,
Regards,
Nawar