Thanks for posting the pdf belgrano. I've read about a quarter of it so far and am getting a bit bogged down - not really my field. I suppose the important questions are, will we own anything once the company is sold? And if not, will there be any payout to Edge shareholders? My expectation is that we will get nothing. Does anyone have any thoughts?
Hi Smidsy, sorry for throwing the grenade and then disappearing (on holiday). Thanks for your research. Looks like little with be left for the shareholders from the sale, but like you say it is all a bit confusing like the final RNS where it is one property being sold. Maybe the remnants will be turned into somthing new and viable. It may be worth getting clarification from the receivers on this?
What do they mean by 'over the Saskatchewan assets' ? What about the other Assets. There were three areas. Eye Hill, Grand forks and Edmonton Sands. Were they all under the Saskatchewan assets or something else? I will check tomorrow.
Grant Thornton Ltd. has been appointed as Receiver over the Saskatchewan assets and is in the sales process, as of today. As of June 30th, we had completed the bid portion and we are now following up on offers that we received during the bid process. At this point in the process, Grant Thornton believes it is unlikely that there will be funds to distribute to the unsecured creditors and shareholders once the sale of assets has been completed. If there are funds to be distributed to the… Read More
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