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Noranda Income Fund Unit NNDIF

Metals & Mining Industrial Metals & Minerals
Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.


OTCPK:NNDIF - Post by User

Noranda Income Fund Unit > I am Guessing Higher Offer - Any Guess as to New Bid
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Comment by ZincDinkon Feb 15, 2023 3:22pm
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Post# 35288230

RE:RE:RE:RE:RE:RE:RE:RE:I am Guessing Higher Offer - Any Guess as to New Bid

RE:RE:RE:RE:RE:RE:RE:RE:I am Guessing Higher Offer - Any Guess as to New Bid
Page 29, paragraph 2 under the table. it says that as long as the purchaser (GC) owns 10 % of the priority units (assuming the ordinary units exchanged presumably to priority) the purchaser has the right to nominate 7 out of 8 trustees,

I really think that it needs to be explained better if it goes ahead and I can't see how it is legal.
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