OTCPK:GBGPF - Post by User
Post by
Sbeavenxon Mar 09, 2018 7:10pm
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Post# 27695194
Mar 9 - Notice of Change now on Sedar
Mar 9 - Notice of Change now on SedarThe Cannimed shares have been "taken up" as of end of day March 8, 2018. Payment to made within 3 business days at most from date of take-up. I undestand from Laurel Hill that there is no proration of cash, and those that selected "all" cash will recieve $43 in cash (but they don't always seem to know what is going on).
Excerpt from Notice of Change:
3. TAKE-UP AND PAYMENT FOR DEPOSITED CANNIMED SHARES
As of 11:59 p.m. (Pacific time) on March 8, 2018, a total of 17,847,341 CanniMed Shares, representing 70.66% of the outstanding CanniMed Shares, had been deposited to the Offer and not withdrawn. With all of the conditions to the Offer having been met, Aurora will immediately take up the deposited CanniMed Shares and pay for the CanniMed Shares taken up as soon as possible and in any event not later than 3 business days after the CanniMed Shares are taken up. Pursuant to elections made by the CanniMed Shareholders, Aurora will issue approximately 50.6 million Aurora Shares and pay approximately $98 million in cash. Aurora will take up and pay for the CanniMed Shares in the manner set out in Section 8 of the Original Notice of Variation, “Take-up and Payment for Deposited CanniMed Shares” and as required by applicable Canadian Securities Laws.