TSXV:AUN.H - Post by User
Post by
greggegenon May 23, 2016 7:32am
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Post# 24897127
Pro Rata Share of Aurcana Class Action Settlement
Pro Rata Share of Aurcana Class Action SettlementMy wife rec'd her settlement cheque today (in London, UK).
Info as follows:
There are 1,088 court approved Authorised Claimants
The total Nominal Entitlement for all Authorised Claimants is $29,075,312.71.
The Aurcana Compensation Fund is $2,224,999.95
As a result, the Court approved pro-rata factor is 7.65254022%.
The settlement amount for each claimant is determined by applying the pro-rata factor to each claim's Nominal Entitlement.
The Administrator does not provide tax advice re the compensation payment.
Recipients have 180 days to encash the cheque.
Better than a sharp stick in the eye...but not by much. We live in hope that silver prices will rebound...but I've been holding my breath for years.