BRZ has to tidy up a number of corporate matters relating to disclosures, tax and structure matters. It is in LPI's best interests that such matters are tied off appropriately at the Canadian end before we merge.
This is no fault of LPI and is in the best interests of LPI shareholders to ensure BRZ has its house in order with the Canadian regulatory authorities before we merge with them. LPI does NOT want to inherit any potential BRZ problems.
All good, but will delay the consolidation by a number of weeks.
LPI Price at posting:
62.5¢ Sentiment: Buy Disclosure: Held