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Gold/Mining/Energy : Trailmobile Canada TMX (formerly MII)
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To: eWhartHog who wrote (350)6/9/1999 7:06:00 PM
From: JOE TURMAINE  Read Replies (1) of 406
 
John, thanks for that information. The Wizzer explained selling rights rather than exercising them one day and it looks like that will happen automatically. >>Ineligible Shareholders will not be forwarded Rights Certificates. Instead, the Corporation will notify Ineligible Shareholders that the Rights Certificates to which they are entitled will be issued to and held by the Subscription Agent referred to below, which will hold the same and the Rights evidenced thereby as agent for the benefit of all Ineligible Shareholders. Instructions as to the sale, transfer or exercise of such Rights Certificates will not be accepted from such Shareholders. The Rights evidenced by such Rights Certificates will be sold by the Subscription Agent, on behalf of all such respective holders. The net proceeds (less any applicable withholding tax and brokerage commissions) of such sale will be paid to them on a pro rata basis by cheque. << Sound right?
THANX JOE
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