Ok gentlemen we are good : )Rights Offering Concurrent with the announcement of the transactions described above, on April 15, 2019 , the Corporation announced the launch of a rights offering to the registered holders of Common Shares (the "Rights Offering"). Under the Rights Offering, registered holders will be eligible to acquire, for each Common Share held by such registered holder, one right to purchase twenty (20) Common Shares at the Transaction Price. The maximum number of Common Shares issuable upon the exercise of rights will be the quotient of $75 million and the Transaction Price, with any exercise of rights in excess of this limit subject to proration across all exercising holders. It is not SALP's current expectation or intention to exercise its rights in the Rights Offering and purchase additional Common Shares, further enabling retail and existing shareholders of the Corporation to participate in the transactions at the same price as SALP and the third party investor that led the Private Placement.
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