Post by
Malpeque2 on Nov 02, 2022 2:30pm
Country Gent...............I get it,
BUT, I haven't read the Yukon statute OR the modification order issued by the Judge. The Presser references both............The Statute in BS or Alberta or Ontario I have read. Can't remember which one.
It was an oil stock in South Amercai, Canada listed, and the dissident 5% or more shareholder went in for appraisal rights and got a pretty good payday............it was worth it. I had a small position and did not. BUT, the first part of the procedure is that you make them an offer for what you will take for your shares, and then they can take it or counter, it's a negotiation, and then IF you can't reach agreement it goes to court in front of a judge. You can be your own lawyer and your own appraiser, just that the judge might not agree with your position!
On the Penwater being able to remove their shares from the "dissent" column, so that RIO hits the 50% minimum..............I have NEVER seen this in play on a M &A deal. Your in a real "grey" area of securities law. Probably never tried, and never adjudicated.
You might hire a class action securities lawyer and go to Yukon to "object". I'll give you one I know to be descent. Doug Worndl. Google him. He's in Canada. Did Sino Forest and Donnybrook/Donnycreek. The later at my behest.
Comment by
Countrygent on Nov 02, 2022 3:02pm
I have too small a position in TRQ to care much. ETG I have a whopper position. Vote No. Sell TRQ. Buy ETG. Batter up! cg