KLA 0.00% $52.69 kirkland lake gold ltd

Ann: Suspension From Official Quotation, page-37

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  1. 3,411 Posts.
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    I have just started the process to get myself into a position to transact the shares we have. I have received the DRS & paperwork. My broker (ASB Securities in NZ) has given me paperwork as well, which I have signed etc and returned to them this afternoon by courier.

    In order to buy/sell AEM shares, you first have to lodge the share certificate into your Broker's "safe custody" and your shares are then held in your Brokers' "pooled account" at the Bank of New York Mellon (BONY).

    Once all that has occurred (another 4 to 6 week wait seemingly) - you will then be able to instruct your broker with a buy/sell order. I am in no hurry to sell our shares so the waiting time doesn't bother me.

    One point to note - which made me a little concerned - was my Broker got me to sign a letter of indemnity - indemnifying them against any loss ... whether it is their fault or Bony's fault. trouble is, if you don't sign it, you won't be able to transact so, as per usual - the broker/bankers are in total control. (I have taken copies of everything for sure and also photographed them...incl the courier docket).

    Hope that helps.
    Last edited by Dentie: 22/03/22
 
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