Leviathan Gold Ltd V.LVX

Free Trading Shares

[mferguson71]

When do the next round of shares become free trading that shareholders of fsx received from the spin out?

[savinfamily]

AUG 10, 2021

[Lineminer]

Depending on how the TSX-V counts - it should probably be 6 months from the listing and first 10% "tranche" release - of Feb 10th - so depending on how they count - should be either July 10 - or latest Aug 10 for 15% more of the original holdings !! Not 15% of the remaining escrow !!

[Tad]

Lineminer, Why not May 23 ??  Plan of arrangement was effective Nov. 23, 2020 . The 6 month periods were dictated by the TSXV, after all of our shares were issued into our accounts with the original 4 month escrow periods .... This whole spin-off was not handled well by the FSX / LVX legal people and  the TSXV bureaucrats .... Is what it is ....  Another note,  Fosterville

[Lineminer]

That would probably be the case if the Exchange - followed Bryan's guidance - obviously they were not that confident!! So now we as individuals must follow "listing guidance" 10 % on listing and the next 90% released each 6 months - Feb 10 - - each 6 months a new release of 15 % - July 10 possible - but another 15% by August latest! For sure depending on how the TSX-V counts !! - bad

[Tad]

Lineminer, I'm looking at the original records in the account I hold FSX, and LVX, shares. The original 4 tranches of 5,000 LVX shares each were posted to my account on November 26, 2020. The change for the escrow periods for 4 months and 25%  to the  6 months and 15% were posted, along with the 10% that became free trading immediately was posted on February 11, 2021. The TSXV

[Lineminer]

I really don't understand the Tier 1/Tier2 status - which was a listing condition of the TSX-V. I trade through IG and the unlisted award of shares in LVX (in Nov) would not qualify for my TFSA - I had to have a second account created just to hold them ( at a nominal value of 20 guidance from FSX) while LVX did a capital raise - and apparently OFFICIALLY became a recognized company and listed