Post by
Gazoo2021 on Nov 02, 2022 12:19pm
Vote NO and follow me in being a Shareholder who dissents
Note you must not vote for this Proposal.
If you provided LaurelHill a Proxy, you must get it returned.
If you Dissent, they must pay fair value for your shares.
They recently had a valuation completed at $.43 a share.
From the AGM and also see appendix D in the AGM circular.
(3) Payment for shares - In addition to any other right the shareholder may have, but subject to subsection (26), a shareholder who complies with this section is entitled, when the action approved by the resolution from which the shareholder dissents or an order made under subsection 192(4) becomes effective, to be paid by the corporation the fair value of the shares in respect of which the shareholder dissents, determined as of the close of business on the day before the resolution was adopted or the order was made.
A shareholder may dissent in respect of the Continuance Resolution in accordance with section 190 of the CBCA. The text of section 190 of the CBCA is attached as Appendix "D". In order to exercise the rights of dissent, shareholders must strictly follow the dissent procedures set forth in Appendix "D". A shareholder who properly dissents will be entitled, if the Continuance Resolution becomes effective, to be paid the fair value of the shares held by that shareholder.
Comment by
Gazoo2021 on Nov 02, 2022 7:02pm
Dear Friends I have decided that I will pursue the option of Dissent Shareholder under the Canada Business Corporations Act. If any another party has an interest please notify me by blog or message. I wish you all the very best.
Comment by
romara on Nov 02, 2022 7:37pm
Gazoo.... what's your next move..... are you really going to stand in the toilet ...... and flush it ????? ......... Richard
Comment by
romara on Nov 03, 2022 9:38am
I will take .43 cents anytime..... where do I sign off..... I was of the opinion.... you are bought out at Market Price..... ........... Richard
Comment by
SilverNS on Nov 03, 2022 12:18pm
Count me in - I also will take ,43 in a heartbeat