OTCQX:SREMF - Post by User
Post by
Oregonduckon Apr 13, 2015 4:12pm
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Post# 23624759
The Plan
The PlanI think the plan will happen this way. RBI will emerge from CCAA creditor protection with no legacy liabilities, and with cash for working capital purposes injected by the Lundins. On implementation of the Plan, RBI's outstanding common shares will be consolidated with new post-consolidation common shares issued to creditors and Lundins and a small nominal percentage ( 1 or 2 percentage) of new shares to RBI's existing shareholders. Following its emergence, RBI's common shares delisted on the Toronto Stock Exchange ("TSX") will get conditional approval to list its common shares on the TSX Venture Exchange ("TSXV").