Post by
robbie80 on Jun 22, 2016 1:23pm
Big pay day in one week
According to Plan of Arrangement, shareholder of LRE and LRE.DB will receive fund in five days following Investment Canada Approval. LRE and LRE.DB will be delisted at the end of June.
As outside date has been extended to July 29, other fees and deposits to senior debt holders will be paid later.
If buy now at 49 cents, 6% in a week is not bad investment.
Comment by
mohsin6 on Jun 22, 2016 1:30pm
Hey Robbie, Where did you hear within a "5 days following Investment Canda Approval". I dont see that anywhere. You mean to say we should see this money by July 1?
Comment by
robbie80 on Jun 22, 2016 1:40pm
Sorry, it takes 5-7 business days from your broker to your account, which means two weeks from now. One week to close arrangement is industry standard and you can check it out at sedar. https://www.longrunexploration.com/upload/media_element/330/01/2016-06-22-investor-presentation---closing-of-arrangement-faq---website.pdf