So someone breached a agreement.I see no shares supposed to be sold until Dec of this year? My my oh my
At this point a feasibility study has not been completed and there is no certainty the proposed operation will be economically viable.
On closing of the transactions contemplated by the agreement, UBR entered into a voting support and standstill agreement whereby UBR agreed, among other things, (i) not to vote (or cause to be voted) the common shares against any resolution to approve the election of Canada Carbon's management nominees and any resolutions put forward by such nominees until Dec. 3, 2014, (ii) to sell all or any part of the common shares over certain thresholds including pursuant to private off-market transactions or specified amounts if such sales occur through the facilities of any stock exchange until Dec. 3, 2015, (iii) not to sell, transfer, gift, assign pledge, hypothecate the common shares for a three-year period without the prior written consent of Canada Carbon (other than as permitted in the voting agreement), (iv) not to grant (or agree to grant) any proxy or other voting right for a three-year period to any of the common shares, and (v) not to acquire, directly or indirectly or through an affiliate, any Canada Carbon common shares until Dec. 3, 2015, without the prior written consent of Canada |
