Re: Dumbing It Down

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Re: Dumbing It Down

in response to

Dumbing It Down

Norm Nuthatch

posted on Mar 21, 2022 07:00AM

Yes, it you do nothing, your shares will be redeemed at $1.10.

Contact your broker, even you go through a self administered brokerage account (i.e. Scotia iTrade, TD Direct Investing, etc.) call them if you want to file to retain your shares. They will do the necessary filing for the Retention Election. If you do not have your share certificates in your hands, if they held by a broker (which most people are in this situation), you a considered a Beneficial Shareholder so you have to call your Intermediary (broker) to file the Retention Election.

Depending how familiar the person who answers the phone is, they may say that usually, most transactions like these, you do not do anything to retain shares. You only file if you want to sell your shares. Tell them that this transaction is different. Beneficial Owners have to file an election by March 25th to retain their shares. Make sure you get a confirmation number.