Approval of the Plan of Arrangement
At the shareholder and noteholder meetings held on July 30, 2020, 100% of the votes cast by Senior Noteholders and 78.31% of the votes cast by Existing Shareholders were voted in favour of the Recapitalization Transaction.
In addition, the special resolution (the "Shareholders' Cash Arrangement Resolution") approving the option of having all Existing Shareholders, other than G2S2 Capital Inc. ("G2S2"), and its affiliates and associates, receive $0.05 in cash in exchange for each pre-consolidation Common Share under the Plan of Arrangement to be paid by G2S2, was passed by an affirmative vote.
For more information regarding the Recapitalization Transaction, please see our news release or recapitalization transaction pages.