Newstrike Brands Ltd NWKRF

What will happen to my shares in a takeover?

[julianjeff94]

I own 1000 shares in newstrike resources.I bought at 0.36 after seeing their investor presentation. I was wondering what will happen to my shares if Cannimed takes them over?

[thorgb1]

if you just leave them in your account, they will convert to about 30 shares of CMED. 

[Lotus33]

Boys, that's a pretty big position there Jules, hope you're not in on Margin..????? Might lose altitude once the Co / CEO PR Dept. can come out and say something..??? Oh well.....!!!!!

[Asphalt20]

This is 'cut and paste' from the article below the issue: "CanniMed also announces that it has previously entered into an exclusivity agreement with, and is in advanced discussions to acquire, Newstrike Resources Ltd. (TSXV: HIP) (Newstrike) at an exchange ratio of 0.033 CanniMed shares per Newstrike share, a transaction that if completed would be expected to provide CanniMed with

[bogdansz]

For 1000 shares you gonna get almost Null just 33 shares of Cannimed !!! Some call it FAIR DEAL