ICC International Cannabis Corp WLDCF

RE:RE:Less shares

[M4DM4X]

girard111 wrote:
Nope

Conformment aux modalits de l’opration, sur la base du cours moyen pondr en fonction du volume des actions d’Aurora la TSX au cours de la priode de 20 jours se terminant le 7 septembre 2018, un actionnaire d’ICC recevrait 0,2448 actions Aurora pour chaque action dtenue par ICC. Aurora met environ 36,2 millions d’actions d’Aurora (entirement dilues, selon la mthode de la trsorerie) dans le cadre de l’opration, reprsentant environ 3,6% des actions d’Aurora en circulation aprs l’opration (le nombre rel d’actions reues et mises sera bas sur le volume pondr cours moyen des actions d’Aurora la TSX pendant la priode de 20 jours prcdant la ralisation de l’opration).

meaning : already frozen $1,95 for each ICC share and $7,97 for Aurora.


seems to be complete: vote from the shareholders

Wrong.

If this were the case, ICC shares would be trading much higher as you could theoretically buy ACB shares for $7.97 through ICC.

Also:
"The Transaction will be effected by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the Arrangement). Under the terms of the Transaction, each shareholder of ICC (ICC Shareholder) will receive $1.95 per ICC Share, payable in Aurora Shares valued at the volume-weighted average trading price of Aurora Shares on the TSX during the 20 trading day period ending the second to last trading day on the TSX immediately prior to the Effective Date (as defined in the Arrangement Agreement), being the date the Transaction is completed (the Aurora Share Price).

Pursuant to the terms of the Transaction, based on the volume-weighted average trading price of Aurora Shares on the TSX during the 20 trading day period ending September 7, 2018 an ICC Shareholder would receive 0.2448 Aurora Shares for each ICC Share held, resulting in Aurora issuing approximately 36.2 million Aurora Shares (fully diluted, treasury method) in connection with the Transaction, representing approximately 3.6% of outstanding Aurora Shares after giving effect to the Transaction (actual number of shares received and issued will be based on the volume-weighted average trading price of Aurora Shares on the TSX during the applicable 20 day period preceding the completion of the Transaction).

(And it continues)

It is currently expected that, subject to receipt of all regulatory, court, shareholder and other approvals, and the satisfaction or waiver of all conditions, the Transaction will be completed in the fourth quarter of 2018."

It isn't complete yet. We will need to see what the 20d vol-wt avg. price will be when it's completed to know the exact amount of ACB shares we will get.

One thing that is certain, shares recieved  will amount to exactly $1.95 per ICC share - So if ACB is trading at $19.50 you will get 0.1 ACB shares per 1 ICC share.