GREY:BNCIF - Post by User
Post by
NervousWrenchon Aug 28, 2017 11:11am
161 Views
Post# 26628041
The old agreement on share swap
The old agreement on share swapUnder the terms of the Arrangement, CobalTech will receive 0.2632 of a First Cobalt common share for each CobalTech common share (a "CobalTech Share"), representing the equivalent of $0.20 per CobalTech Share. Completion of the Arrangement is subject to a number of conditions, including the entering into of definitive documentation, approval by the shareholders of CobalTech and receipt of all required regulatory approvals, including the approval of the TSXV. The Arrangement cannot close until these conditions are satisfied and the required approvals are obtained.