cash date?So when will we see the cash? April 29 plus 14 calendar days plus 3 business days = May 18?
The Board will meet on April 29, 2016, to set the record date for the Distribution (the “Record Date”), expected to be 14 calendar days from the meeting date, and to make application to the TSX Venture Exchange (the “Exchange”) to have the Company’s shares de-listed from trading not less than three days after the Record Date. Sunridge intends to announce the Record Date and the timing of and the amount of net cash available to be distributed to shareholders on April 29, 2016. The first Distribution will be made 3 business days after the Record Date. The second Distribution will be paid approximately six months later, after receipt of the final installment of the Deferred Payment and all remaining obligations of the Company have been settled. The Company will then voluntarily dissolve.
Read more at https://www.stockhouse.com/news/press-releases/2016/04/26/sunridge-closes-transaction-with-srbm#IWaSrjsBcSQmKiHt.99