GREY:AVNDF - Post by User
Comment by
kingofcottonon Dec 27, 2012 9:36am
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Post# 20773690
RE: Alberta Corporations Act, Vote on Sale Require
RE: Alberta Corporations Act, Vote on Sale Require In my opinion, a vote is required on the sale of Elbow River. Parkland will want a clean title to this asset, and the sale of Elbow River represents substantially all that remained of Avenex: majority of cash flow, the only growth prospect for Avenex, and the only asset of any real interest to Avenex investors. In my opinion, the Corporations Act of Alberta requires vote by Avenex shareholders. I don't think this is over yet.