RE:Deal!!"At the Meeting, Arena's securityholders approved the proposed acquisition of all of the issued and outstanding common shares of Arena by LAC by way of plan of arrangement (the "Arrangement") announced by the parties on December 20, 2022. Pursuant to the Arrangement, Arena's shareholders will receive 0.0226 of a LAC common share and $0.0001 in cash for each Arena common share held. For further information on the Transaction and the definitive arrangement agreement, please refer to the Company's news releases of December 20, 2022, March 1 and 15, 2023, and the March 6, 2023 information circular prepared in respect of the Meeting filed under the Company's profile at www.sedar.com"
It seems there's a bit of discrepancy in this PR.. the PR I've read on Stockwatch says $.01.. not sure what's right at this point.. more research needed.. although the $.0001 quote is from Arena's own website.. sooo..??
Stockwatch Quote:
"At the meeting, Arena's securityholders approved the proposed acquisition of all of the issued and outstanding common shares of Arena by LAC by way of plan of arrangement announced by the parties on Dec. 20, 2022. Pursuant to the arrangement, Arena's shareholders will receive 0.0226 of a LAC common share and 0.01 cent in cash for each Arena common share held. For further information on the transaction and the definitive arrangement agreement, please refer to the company's news releases of Dec. 20, 2022, March 1 and 15, 2023, and the March 6, 2023, information circular prepared in respect of the meeting filed under the company's profile at SEDAR."