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Nemaska Lithium Inc NMKEF

Metals & Mining Industrial Metals & Minerals Battery metals
Nemaska Lithium Inc is a Canada based lithium company. It is engaged in exploring and evaluating lithium properties and processing of spodumene into lithium compounds in Quebec, Canada. The company supplies lithium hydroxide and lithium carbonate to the lithium battery industry used in electric vehicles, cell phones, tablets, and other consumer products.


GREY:NMKEF - Post by User

Nemaska Lithium Inc > The CCAA procedure
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Post by mick1888on Jun 07, 2020 11:09am
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Post# 31121543

The CCAA procedure

The CCAA procedureimplies we should ALL have a say on acceptance of final proposals, in particular if Shareholders are classified as Creditors;

The CCAA also allows a company, if it so chooses, to address its shareholders in addition to its creditors. Typically, when the shareholders of the company are impacted by the Plan of Arrangement, they are often given the opportunity to vote on the Plan.

Ultimately, the company files its Plan of Arrangement and forwards it to the creditors/shareholders. A meeting of the creditors (and shareholders, if applicable) is called to vote on the Plan.

https://www.pwc.com/ca/en/services/insolvency-assignments/what-is-ccaa.html
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