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Post by Gr8rMinds on Oct 29, 2008 10:03:45 GMT -5
can someone help AgAugal with this question? she probably doesnt read this forum but it is a good question for some people. Anyone know if a person holds the Mac shares in cert form if a request will be mailed to turn in the certs before the DRV shares are issued? Or will the certs held by sharehilders just become invalid and new DRV shares mained to cert holders? TIA AgAuGal
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Post by venturous on Oct 29, 2008 10:20:11 GMT -5
I found this on the sedar post for your reference.
Ven.
sedar p b-29
Procedure for Exchange of MMG Common Shares
Under the terms of the Arrangement, all of the MMG Common Shares will be exchanged for MMG Class A Shares, other than MMG Common Shares held by Dissenting MMG Shareholders. MMG Class A Shares shall be exchanged for Duran Common Shares on the basis of one Duran Common Share for each two MMG Common Shares previously held by MMG Shareholders, other than Dissenting MMG Shareholders. MMG Shareholders (other than Dissenting MMG Shareholders) will be deemed to be holders of Duran Common Shares and Spinco Common Shares as of the Effective Date and former registered MMG Shareholders will be entered into the register of holders of Duran Common Shares and Spinco Common Shares, respectively, without further act or formality.
Certificates representing Duran Common Shares and Spinco Common Shares will be forwarded as soon as practicable after the Effective Date to former MMG Shareholders who have properly completed and delivered a MMG Letter of Transmittal along with the certificates representing their MMG Common Shares and all other required documents. The form of the MMG Letter of Transmittal has been mailed to MMG Shareholders with this Information Circular and contains complete instructions on how MMG Shareholders are to exchange their share certificates. Registered MMG Shareholders (other than Dissenting MMG Shareholders) should read and follow these instructions. In the case of beneficial MMG Shareholders, whose MMG Common Shares are registered in the name of a broker, investment dealer, bank, trust company or other nominee, the broker or other intermediary in whose name the MMG Common Shares are registered will arrange for the completion and delivery of the MMG Letter of Transmittal and deposit of the MMG Common Shares. Beneficial MMG Shareholders should contact that nominee for assistance in depositing those shares.
Pursuant to the terms of the Amalgamation, any certificates formerly representing MMG Common Shares that are not deposited in accordance with the provisions of the MMG Letter of Transmittal on or before the fifth anniversary of the Effective Date, will cease to represent a right or claim of any kind or nature and the right of the holder of such MMG Common Shares to receive Duran Common Shares will be deemed to be surrendered to Amalco together with all interest, dividends or distributions thereon held for such shareholder. If the Arrangement does not become effective, the MMG Letter of Transmittal will be of no effect and all deposited certificates representing MMG Common Shares will be returned forthwith to the holders entitled thereto.
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Post by agaugal on Nov 16, 2008 20:33:37 GMT -5
Thanks everyone for your help here and at Agoracom. Now I have to find the paperwork
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Post by caveman on Nov 16, 2008 22:05:08 GMT -5
maybe you could also call equity transfer and trust with your questions Tel: (416) 361-0930 Ext: 232 E-Mail: toronto@equitytransfer.com
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