Post by
NamesJeb on Sep 22, 2020 8:16am
ALMA Gold "Spinco"
"The Red Lake Shareholders will be entitled to receive 1 New Red Lake Share and 0.95 of a Spinco Share in exchange for every 1 Red Lake Class A Share held as at the Record Date, September 4, 2020. As a result of the foregoing, on the completion of the Plan of Arrangement, two independent companies will exist, the Company and Spinco, and Spinco will become a reporting issuer in British Columbia, Alberta and Ontario."