GREY:CNKEF - Post by User
Comment by
BobTheKnob2on Jul 25, 2016 7:00pm
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Post# 25083200
RE:RE:RE:RE:POU/VII: Another Montney Deal In Chinook's (CKE) Core Area
RE:RE:RE:RE:POU/VII: Another Montney Deal In Chinook's (CKE) Core Areacalypsocrime wrote: deeperinit wrote: I believe you meant end of 2016 .
All, or a portion, of the common shares of Tournament received by Chinook from the Transaction are expected to be distributed to Chinook shareholders (the “Share Distribution“). It is anticipated that Chinook will convene a meeting (the “Meeting“) of its shareholders in due course, expected by the end of 2016, to approve the proposed Share Distribution.
So we're going to have Private Company shares automatically sitting our brokerage accounts. And then at a later date they will be tradeable? I've never before had private co shares in my account so I don't know how it's going to work or if there's paperwork to fill out.
I anticipate that the distribution of Tournament shares will be related to the IPO of Tournament. The distribution may potentially occur a few days prior to the IPO or the IPO filing.