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Post by twoblue on Oct 30, 2008 15:04:53 GMT -5
When can I expect to see my mmg shares show up as drv shares in my RBC Action Direct account?
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Post by jdc1 on Oct 30, 2008 15:31:51 GMT -5
The way I understand it, they should be converted tomorrow. I think the last info. from management said on or before the 31st of OCT. The Macmillan Mineral shares will show up in apprx 10 weeks.
But I've been wrong before!
Cheers; jdc
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ceos
Full Member
Posts: 7
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Post by ceos on Oct 30, 2008 15:33:41 GMT -5
Im a little nervous that it wont work tomorrow. maybe george will say there is a delay and we have another 15 days. he has done that before.
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jrx
Full Member
Posts: 30
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Post by jrx on Oct 30, 2008 17:19:25 GMT -5
I agree with jdc1. It should be done by tomorow. Maybe it will take a few days to clear and actually show up in the accounts?
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Post by jdc1 on Oct 30, 2008 20:34:23 GMT -5
I plan on calling my online broker tomorrow. When I deposit money in the account, even though they recognize the money instantly, it doesn't show "online" for a day or two FWIW.
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jrx
Full Member
Posts: 30
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Post by jrx on Oct 30, 2008 23:22:47 GMT -5
Great. Let us know what you find out jdc.
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Post by venturous on Oct 31, 2008 8:46:47 GMT -5
Today is the date. I am assuming that there will be some 'magical' time between 9:30 PM EST and 4:00 PM EST where more Duran shares will suddenly appear in your online account. I also used to believe in the tooth fairy, but I was proved wrong about that one too. Does anyone think that the TSX VENTURE exchange could get it right on one shot?
ven
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Post by trainboy on Oct 31, 2008 9:56:31 GMT -5
As of 10:55am this morning, my online account still shows MMG (however, I can't trade them, of course)
Trainboy
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Post by addictedtodrv on Oct 31, 2008 10:51:42 GMT -5
I think they accidentally put all your guys shares into my account!
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Post by Gr8rMinds on Nov 3, 2008 9:13:52 GMT -5
i dunno. its november 3rd and my mmg shares are still not converted. don't we have to send them in to george for reprocessing? it seems to easy to wait for them to convert to drv. something is not right here.
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Post by venturous on Nov 3, 2008 9:20:41 GMT -5
Ha. How's this for answering your question Gr8rMinds?
ven
NEWS - Duran Ventures and MacMillan Gold Completes Arrangement Posted by: AGORACOM on November 03, 2008 09:04AM
TORONTO, ONTARIO - (Nov. 3, 2008) - George A. Brown, CEO of both Duran Ventures Inc. (TSX VENTURE:DRV) and MacMillan Gold Corp. (TSX VENTURE:MMG-Halted), is pleased to provide the following update on the Arrangement as fully described in the Joint Information Circular dated September 12, 2008 as filed on SEDAR.
The steps required to effect the closing process for the Plan of Arrangement as described in Schedule D to the Joint Information Circular were completed by October 31, 2008. MacMillan Minerals Inc. issued 31,027,375 common shares to MacMillan Gold in exchange for the transfer of assets and liabilities as described in Schedule K, Transfer Agreement, in the Joint Information Circular. MacMillan Gold have provided the shares to Equity Transfer & Trust Company to distribute to the shareholders of MacMillan Gold on the basis of one MacMillan Minerals share for each two MacMillan Gold shares. MacMillan Minerals now owns 100% of Exploracion Mac-Ore S.A. de C.V., the company which owns title to all Mexico exploration properties previously owned by MacMillan Gold. MacMillan Minerals intends to file a prospectus filing with the Ontario Securities Commission in November and apply for a TSX Venture listing.
MacMillan Gold then merged with Duran Resources ULC, a wholly owned subsidiary of Duran Ventures for the consideration of 31,027,375 Duran Ventures common shares which were delivered to Equity Transfer & Trust Company to distribute to the shareholders of MacMillan Gold on the basis of one Duran share for each two MacMillan Gold shares. Duran Ventures now has 58,861,518 shares issued and outstanding (Fully diluted 65,792,533). MacMillan Gold contributed $1,000,000 of cash, the defined Minimum Working Capital Requirement, and the remaining 50% ownership of Minera Aguila de Oro, the Peruvian company which owns title to the exploration properties in Peru including the Aguila Cu-Mo Project and the Pasacancha Ag-Au-Pb-Zn Project. Duran Ventures now owns 100% of these Peru properties with no underlying royalties.
Equity Transfer & Trust Company will distribute the shares of MacMillan Minerals and of Duran Ventures to the previous owners of MacMillan Gold shares. This will be done automatically for shares held beneficially through brokerage accounts. Shareholders with registered MacMillan Gold share certificates are required to complete a Transmittal Form and forward it to Equity Transfer & Trust with the original MacMillan Gold share certificates. A Transmittal Form was included in the mailing materials to all registered shareholders for the October 14, 2008 Special Meeting and is also available on SEDAR.
A Shareholder Rights Plan Agreement, subject to regulatory approval, was executed on October 31, 2008 between Duran Ventures and Equity Transfer & Trust Company. The plan was approved by Duran Ventures shareholders on October 14, 2008.
The continuance of the existing 10% rolling stock option plan as approved by Duran Ventures shareholders on October 14, 2008 was submitted to and approved by the TSX Venture. All outstanding MacMillan Gold stock options were converted to Duran stock options on October 31, 2008 on the basis of half the number exercisable at twice the price with no change to the original expiry dates. This resulted in the following Duran stock options:
337,500 stock options exercisable at $0.60 expiring April 13, 2009.
845,000 stock options exercisable at $0.74 expiring March 31, 2010.
162,500 stock options exercisable at $1.02 expiring September 28, 2010.
87,500 stock options exercisable at $1.20 expiring December 28, 2010.
500,000 stock options exercisable at $1.04 expiring April 4, 2011.
The shareholder approved continuance of Duran Ventures under the Canada Business Corporations Act was completed by October 31.
The Arrangement was subject to Court approval and TSX Venture final approval. The Final Order of the Court was issued on October 15, 2008 and approved completion of the Arrangement by October 31, 2008. The TSX Venture conditional approval was subject to completion of the Plan of Arrangement which is now complete. The TSX Venture final approval will be immediately sought and will result in the delisting of the shares of MacMillan Gold.
Duran Ventures Inc. and MacMillan Gold Corp .are Canadian resource companies listed on the TSX Venture Exchanges: Symbols "DRV" & "MMG".
The TSX Venture Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this news release.
CONTACT INFORMATION:
Duran Ventures Inc. George A Brown CEO (416) 867-1101 Fax: (416) 867-1222 Email: duranventures@ca.inter.net
or
MacMillan Gold Corp. George A Brown CEO (416) 867-1101 Fax: (416) 867-1222 Email: macmillangold@ca.inter.
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Post by parcelorogues on Nov 3, 2008 13:13:37 GMT -5
I understand it takes a couple of business days for them to show up in your account. The last time this happened with another stock I held, it did take a few days. I am not planning on selling mine any time soon so as long as they show up in the next few days I am not going to sweat it... POR
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Post by Brando on Nov 5, 2008 11:58:14 GMT -5
i have an RBC investment account and my new DRV stocks have not shown up... does anyone else have the same problem as me? Just wondering if i should start to worry....
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Post by caveman on Nov 5, 2008 13:15:08 GMT -5
as far as i know, nobody has been issued their stocks yet. probably at the broker level now. you could always call your broker and ask for the status.
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Post by venturous on Nov 6, 2008 9:28:49 GMT -5
Well Folks. I gots my DRV shares. And MacMillan Minerals is showing up too. It should be there for everyone (non certs) by Friday.
ven
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Post by pasacancha on Nov 6, 2008 9:30:30 GMT -5
Minireb just posted in another thread that he has received his DRV shares in his RBC account. I heard that TDW is not showing up yet. Can anyone else say if they have received their shares yet?
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Post by caveman on Nov 6, 2008 9:36:19 GMT -5
scotia shares are showing up!
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Post by jdc1 on Nov 6, 2008 9:50:57 GMT -5
BMO investor line = no shares yet
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Post by parcelorogues on Nov 6, 2008 10:20:56 GMT -5
Nothing in my TDW account yet... MMG still there but it is asterixed !
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Post by murph66 on Nov 6, 2008 10:25:57 GMT -5
Spoke to TDW. It will be in there sometime today.
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Post by eyes55 on Nov 6, 2008 13:48:56 GMT -5
got mine in my RBC account....
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Post by murph66 on Nov 6, 2008 22:25:45 GMT -5
TDWaterhouse shares were converted at 10pm. Both MacMillan Minerals and DRV show up although MMG is valued at zero right now. Anyone want to hazzard a guess as to the stock price of MMG when it comes online?
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Post by caveman on Nov 6, 2008 23:01:29 GMT -5
cool. murph, i would guess 10 cents. there's another thread on this. did you vote for your share price yet?
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jrx
Full Member
Posts: 30
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Post by jrx on Nov 7, 2008 0:08:13 GMT -5
Well Now that the shares have been divied out maybe we can expect some news on Pasa won't be too far away.
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Post by parcelorogues on Nov 7, 2008 7:35:14 GMT -5
Got mine... ! Duran and new MacMillan Minerals shares are in my TDW account this morning. Obviously no symbol or value on the MacMillan but the shares are registered.
Works for me !
POR
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Post by bart on Nov 7, 2008 11:56:39 GMT -5
When does MacMillan start to trade as a new Co?
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Post by pasacancha on Nov 7, 2008 12:03:47 GMT -5
Bart, I wouldn't expect new MacMillan to be trading for a month or 2. www.marketwire.com/press-release/Duran-Ventures-Inc-TSX-VENTURE-DRV-910749.htmlMacMillan Minerals Inc. is preparing a prospectus filing for submission to the Ontario Securities Commission in early November to become a reporting issuer. This submission cannot be made until the Arrangement described below is completed by October 31, 2008. The clearing of the prospectus will result in a listing application by MacMillan Minerals Inc. on the TSX Venture.
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