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Stock impact report

Kaizen Discovery and Ivanhoe Electric Complete Arrangement [Yahoo! Finance]

Ivanhoe Electric Inc. (IE) 
Company Research Source: Yahoo! Finance
acquisition by Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) (" IE ") of all of the issued and outstanding common shares of the Company (the " Common Shares ") not already beneficially owned by IE pursuant to a plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement" Immediately prior to the closing of the Arrangement, IE beneficially owned 54,428,971 Common Shares, representing 82.54% of the issued and outstanding Common Shares on a non-diluted basis. Following the closing of the Arrangement, IE beneficially owns 69,229,659 Common Shares, representing 100% of the issued and outstanding Common Shares on a fully diluted basis. The Company is now a wholly-owned subsidiary of IE. IE acquired the Common Shares in consideration for the issuance of one share of common stock of IE for every 127 Common Shares issued and outstanding immediately prior to the closing of the Arrangement. It is expected that the Common Shares will be de-listed from th Show less Read more
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