Capitan shares to be spunout soon - after March 31st meeting Capitan shares to be spunout soon - after March 31st meeting
Some seems to want BOTH shares badly, or maybe to push the vote through.
John-Mark Staude, Riverside's CEO stated, "We believe the spin-out of the Peoles Project will be very beneficial to shareholders. Among other benefits, it will unlock the value of the Peoles Project by allowing it to be developed separately, by a skilled and experienced management team, and it will allow our shareholders to own shares in two public companies."
Under the Arrangement, Riverside's current shareholders will receive Capitan Shares by way of a share exchange, pursuant to which each existing common share of Riverside will be exchanged for one new common share of Riverside (each, a New Riverside Share") and 0.2767 of a Capitan Share. Holders of Riverside options and warrants will be entitled to receive the same number of New Riverside Shares and 0.2767 of that number of Capitan Shares. On completion of the Arrangement, Riverside shareholders and holders of Riverside options and warrants will maintain their interest in Riverside and will obtain a proportionate interest in Capitan.
> https://www.rivres.com/news/2020-news/iversidennouncespinutofenolesroject20200225131500