Redline Communications Group Inc RDLCF

Management info circular page 20.

[SCVALINVESTOR]

If I understand the second paragraph on page 20 correctly, the 4.9 million shares held by Pender and K2 (28.4% of the total 17.2 million outstanding) are excluded from the 66.6% voting requirement. This is because they are "interested parties" as a result of being also lenders to Redline who will be paid out due to a change in control.
This means that the two thirds approval has to come from all the other shareholders, including individual shareholders not happy with the deal.
It may not be a slam dunk after all!

[Possibleidiot01]

This paragraph? " As a result, each of the Lenders will receive a “collateral benefit” in connection with the Arrangement for the purposes of MI 61-101. Therefore, for purposes of determining minority approval in accordance with MI 61-101, the 4,922,049 Common Shares held by K2 Principal Fund L.P. and Pender Growth Fund Inc. Private Debt Opportunities Fund I Limited Partnership (held