Q: Ref: Takeover. Since PAAS and MAG trade on 2 exchanges, will we receive PAAS shares, and cash, in the currency of our MAG shares or in US$? This is not very clear in the Arrangement document. Thanks.
5i Research Answer:
The currency will be Canadian. The broker will credit the compensation to whichever account the MAG stock is held. For example if it is held right now in a US dollar account the broker will convert the proceeds. Shares will be also credited to whichever account holds the MAG shares.