The proposed distribution will take place by an exchange of a proportion of the Hayes common shares held by its shareholders for the common shares of LynnGold held by Hayes on a pro-rata basis.
Hayes owns 8.7 million LynnGold common shares or 62% of the company. The proposed exchange will result in the shareholders of Hayes retaining their proportionate interest in a smaller number of Hayes shares and becoming direct owners of LynnGold.
The deal remains subject to shareholder and regulatory approval.
]]>
Be the first to comment on "Hayes, LynnGold share swap"