Lightstream Resources Ltd. LSTMF

RE:Distribution of Shares and Warrants

[NeewNeew]

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Pancho2 wrote: How will Secured Noteholders, Unsecured Noteholders and Shareholders receive their New Common Shares and how will Unsecured Noteholders and Shareholders receive their New Series 1 Warrants and New Series 2 Warrants, respectively?

All of the Secured Notes are currently held by and in the name of The Depository Trust Company ("DTC") on behalf of Secured Noteholders. Therefore, unless the Secured Notes are withdrawn from DTC, the New Common Shares issuable to the Secured Noteholders pursuant to the Arrangement will be registered in the name of "CEDE & CO." Delivery of the New Common Shares to individual Secured Noteholders in this respect will be made through the facilities of DTC to DTC participants who will in turn deliver the New Common Shares to the beneficial holders entitled to such New Common Shares in accordance with standing instructions and customary practices. Secured Noteholders that withdraw their Secured Notes from DTC in connection with the elections which may be made by Secured Noteholders in connection with the Plan of Arrangement will have their New Common Shares registered and delivered in accordance with the instructions set forth in the applicable Secured Noteholder's conversion notice. Similarly, all of the Unsecured Notes are held by and in the name of DTC on behalf of Unsecured Noteholders. The New Common Shares and New Series 1 Warrants issuable to the Unsecured Noteholders will therefore be registered in the name of "CEDE & CO." Delivery of the New Common Shares and New Series 1 Warrants to individual Unsecured Noteholders will be made through the facilities of DTC to DTC participants who will in turn deliver the New Common Shares and New Series 1 Warrants to the beneficial holders entitled to such New Common Shares and New Series 1 Warrants pursuant to standing instructions and customary practices.
If you are a registered Shareholder (i.e. you hold your Common Shares in your own name), the New Common Shares and New Series 2 Warrants issuable to Shareholders pursuant to the Arrangement will be registered in your name and delivered to you in accordance with the instructions set forth in your duly completed and delivered Letter of Transmittal. If you are a non-registered Shareholder (i.e. you hold your Common Shares through CDS Clearing and Depository Services Inc. or another intermediary or nominee), the New Common Shares and New Series 2 Warrants ix issuable to Shareholders pursuant to the Arrangement will be delivered to such intermediary or nominee who will, in turn, deliver the New Common Shares and New Series 2 Warrants to the beneficial holders entitled to such New Series 2 Warrants in accordance with standing instructions and customary practices.