As a result of the Arrangement, 4Metals will become a reporting issuer in the provinces of British Columbia, Alberta, Manitoba and Ontario. Under the Arrangement, Shareholders as of the effective date will receive new common shares of Rokmaster (each, a 'New Rokmaster Share') and common shares of SpinCo (the 'SpinCo Shares') by way of a share exchange, pursuant to which each existing common share of Rokmaster (an 'Existing Rokmaster Share') will be exchanged for one New Rokmaster Share and 0.125 of a SpinCo Share (or one SpinCo Share distributed for every eight Existing Rokmaster Shares held) rounded down to the next whole number of SpinCo Shares.
