Post by
stockuserid on Apr 17, 2015 11:51pm
Exchange of Common Shares
As part of the Arrangement, existing shareholders of Pinecrest will exchange their common shares of Pinecrest ("Pinecrest Shares") for common shares of Virginia Hills ("Virginia Hills Shares") on the basis of one hundred (100) Pinecrest Shares for each one (1) Virginia Hills Share, and rights to acquire Virginia Hills Shares (the "Arrangement Rights") on the basis of eight (8) Arrangement Rights for each one (1) Virginia Hills Share held.
https://www.marketwired.com/press-release/pinecrest-energy-inc-announces-reorganization-way-plan-arrangement-proposed-management-tsx-venture-pry-1992232.htm