Loading ...Looks like Amalco might be merging shares into AuRico.
Under the Arrangement, each AuRico Shareholder (other than an AuRico Shareholder who has validly exercised its dissent rights) will ultimately receive, upon compliance with the terms and conditions set forth in the plan of arrangement (the “ Plan of Arrangement ”) attached as Appendix E to the Circular and subject to adjustment as set forth therein, in consideration for each of such AuRico Shareholder’s AuRico Shares (including any AuRico Shares issued in connection with the exchange of AuRico options and the settlement of performance share units, deferred share units or restricted share units) 0.5046 of a Class A Common Share of Amalco (“ Class A Shares ”) and thereafter 95.1% of the AuRico Metals Shares will be distributed to all the holders of Class A Shares on a pro rata basis to their ownership of Class A Shares (which, subject to certain assumptions and subject to adjustment as set forth in the Plan of Arrangement, is expected to result in a holder of Class A Shares receiving approximately 0.4398 AuRico Metals Shares for each Class A Share held). Amalco will retain the remaining 4.9% of AuRico Metals Shares, as described in the Circular.