KLA and Agnico merger - bad deal for ASX investors, page-6

Dear All ,

You can review a doc called "Kirkland shareholders - Q&A ". #poppop and #Dentie - some answers to your questions from the doc :

1) S/H and court approval :
the arrangement resolution requires approval of at least 2/3 of the votes cast by KLa s/h;
2) What are the Australian income tax consequences ?
the disposal of KLA shares will generally result in a CGT event ;
3) Are KLA s/h entitled to dissent rights ?
im the event of arrangement effective , to be paid the fair value of the Kirkland shares held by such dissenting s/h determined as at the close of Business on the day before the arrangement resolution is adopted .

I am happy to decipher the above-mentioned
statements for you , though I'll keep it simple . This is a bad deal for KLA s/h , and I voted no .
Basically ( IMHO PDYOR ) , the merger shares will be traded on TSX . We'll need to find a broker who will register the new shares in Canada . The disposal of ASX shares will trigger a CGT event , and we'll have to pay the tax plus it will start another round of CGT ( double whammy ) . The shares will be converted based on a pre-determined ratio between KLA/Agnico shares , and you'll have to pay CGT + AUD/CAD exchange fee if you decide to sell down the track .