Chalice/Coventry -- summary under Ss. 84(4.1)(a) and (b) distributions of proceeds

Overview

Under a BC Plan of Arrangement, Coventry is to transfer most of its subsidiaries (the "Targets") to Western Rift (a subsidiary of Chalice) in consideration for Chalice shares, which Coventry will then transfer to its shareholders as a stated capital distribution. The Arrangement is expected to result in the Coventry shareholders holding 15.46% of the Chalice shares, and in Coventry holding only cash and a project in Alaska.

See detailed summary under Cross-Border Acquisitions – Inbound – Asset sale/share distribution.