GREY:WFEMF - Post by User
Post by
Segusmundoon Jan 27, 2015 3:46pm
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Post# 23369325
Two thirds vote required
Two thirds vote required This corporate sell out should NOT be allowed to become a done deal at .08 cents. A two-third shareholder is required. How in the world would any Woulfe shareholder, much less 2/3rds of the shareholders, approve this merger- most notably institutional investors not named Dundee?
"...The transaction is subject to completion of due diligence, the execution of a definitive agreement reflecting the terms set out in the LOI, and the approval of the Woulfe shareholders requiring a favourable vote of 66 2/3% of the votes cast at a meeting to be held as soon as practicable following execution of the definitive agreement, in addition to other customary closing conditions, including receipt of court and all regulatory and stock exchange approvals..."