Nevada Copper Corp NEVDQ

Could a knowledgeable person comment on

[rockhound3]

What various % ownership # allow or requWire a public company to do:

going by memory I think the following %'s mEatter

1.   10% -reporting

2.    51% -effective control?

3.    66%

4.    90% carry out an amalgamation squeeze  out

Could someone familiar witht the rules set out what the various % permit one to do?

My recollection is that it isn't as simple as 51% allowing an owner free reign!

tx

ROCK

[Notgnu]

Some stuff: https://mcmillan.ca/wp-content/uploads/2020/12/189106_Legal-Framework-.pd_.pdf Also section 4.5 to 4.7: https://www.osc.ca/sites/default/files/pdfs/irps/rule_20160509_61-101_special-transactions.pdf N

[westcoast1000]

Thanks to Not. You found the statement on two thirds of the minority: Majority of the Minority Approval In addition to obtaining 66 2/3% approval of votes cast at a duly called shareholders meeting , if the GPT undertaken by way of a plan of arrangement involves an insider or interested parties, then a simple majority of minority approval from shareholders

[nofluff]

I can tell you what happened with hathor uranium corp about 15 years ago. The principles were from saskatchewan, incorporated in bc and trading on tsx. A major corp anounced one day that they and friends had aquired the two thirds ownership necessarry to force everyone to tender at 50% above 150 day moving average within 30 days. So the price immediately jumped to tender price.  But not so

[nofluff]

So I believe pala can do a hostile takeover by simply making a public offer that people would tender to. But they would risk there position with the shotgun clause. Ph is a perfect fit for what barrick has announced. Pala is the deterent to any hostile attempt. nf

[patchh]

we don't kno who owns the effing stok ? so now i get 50 cents on the trading 1.00..  they will getsued by Suein a tight red dress

[patchh]

these are White Knight mackinations - and uniformly wind up in court, or the TSX moving laterally.

[Fishbillion]

This post has been removed in accordance with Community Policy

[patchh]

this isn't about BK or voting in the ASM... U are watching a powerball and somebody is going to hav to bend over... 450M shares were traded on sept 16th.. and it was not to retail investors who were fleeing from the 20th floor in a tower fire... THAT TMX Board is only for Big Bank Trades..  WYSIWW Sold

[westcoast1000]

Rockhound, This is of course a complex question. The best sources I could find on Securities law in Canada are : Bennett Jones Public Mergers and Aqusitions in Canada which you download as a pdf. There are others like Stikeman Elloit M and A in Canada: Minority Shareholder protections which can also be downloaded. The issues differ a bit by province, and by the exchange under which the company is