RE:RE:RE:NR - June 5, 2014 on SEDARYou sold at .005?
I think that is the bare minimum shareholders will get. Here's why:
"The transaction also includes the sale by ROR of all of the issued and outstanding common shares in the capital of REC (each, a “REC Share”) to the REC Acquirer (the “REC Sale”) such that REC, which owns the Brandywine Creek Project, will become a wholly-owned subsidiary of the REC Acquirer. The REC Acquirer is to pay for the REC Shares by transferring to ROR all of the outstanding debentures and convertible debentures of ROR and paying $500,000 in cash. The distribution of the cash consideration to the ROR Shareholders is to occur on August 29, 2014. The amount of cash to be distributed will be the balance remaining after payment of the indebtedness and liabilities of ROR and its subsidiaries, other than REC,
at the Effective Date of the Arragement, the total of the cash on hand of ROR and its subsidiaries, other than REC, at the Effective Date, the $1,250,000 to be advanced by Concord as a capital contribution to AcquireCo and $500,000 being the cash portion of the consideration to be paid by the REC Acquirer for the REC Shares."