RE:RE:Largo and LPVDrhoho wrote: The arrangement proposal has Largo Physical Vanadium (LPV) taking over Column Capital Corporation (CPC) in the reverse-takeover, not the opposite as you highlighted. You can read the initial CPC 2 February announcement on their news website. Surprised that this was not corrected sooner by others.
I do not think that your interpretation is correct.
This is from the release
"
Terms of the Proposed Qualifying Transaction On February 1, 2022, LPV entered into the LOI with the CPC. The LOI outlines the general terms and conditions pursuant to which LPV and the CPC expect to effect a business combination that will result in the CPC acquiring all of the issued and outstanding securities of LPV in exchange for securities of the CPC, resulting in a reverse-takeover of LPV by the CPC. Pursuant to the terms of the LOI, LPV and the CPC will negotiate in respect of a definitive agreement and other transaction documentation, incorporating the principal terms of the LOI. Upon completion of the proposed qualifying transaction, the CPC will have acquired 100% ownership of LPV and the business of LPV will become the business of the entity resulting from the proposed qualifying transaction. The final structure for the proposed qualifying transaction is subject to satisfactory tax, corporate and securities law advice on the part of both LPV and the CPC. There is no assurance that the proposed qualifying transaction will be consummated or will be consummated on the terms set out in the LOI."