Niko Resources Ltd NKRSF

RE:RE:there is nothing!!

[monzie]

Zhantao wrote:

MasterDhruv wrote: there is no $1 clause in the march 24th NR. Its only there on the March 14th NR. They removed it long back haha. We all got fooled by some poster here llol. Unless I missed something


https://www.nikoresources.com/upload/news_release/394/01/niko_pressrelease_2016_03_14_corporateupdate_supportagreementsexecuted.pdf

https://www.nikoresources.com/upload/news_release/395/01/niko_pressrelease_2016_03_24_corporateupdate_consentsolicitationprocess.pdf

I noticed that earlier today too.  I was comparing today's news with the previous ones and noticed the same thing you did.

I guess they "forgot" twice in a row to paste it lol

March 14th:

Issuance of a preferred share to the Agent of the Lenders, with the following terms:(i) one vote, (ii) the right to appoint up to two nominees to the Board, (iii) an annual preferential cumulative dividend, if declared by the Board, at the rate of 0.00001% per annum on the redemption price of $1.00, and (iv) distribution of capital of $1.00 in priority to the holders of the common shares of the Company in the event of the liquidation, dissolution or windingup of the Company;

Sedar June 10th:
In the event of the liquidation, dissolution or winding-up of the Corporation, the holder of the Preferred Share shall be entitled to receive a distribution of capital in priority to the holders of common shares equal to $1.00, and shall be entitled to receive an annual preferential cumulative dividend, when, as and if declared by the Board

Its the exact same btw