On December 20, 2010, New Pacific acquired all of the issued and outstanding common shares of the Tagish which it did not already hold in consideration for each Tagish Share, at the election of each Tagish shareholder: (i) CAD $0.10 in cash, (ii) 0.137 of a common share of New Pacific, or (iii) a combination of CAD $0.05 in cash and 0.0685 in common shares of New Pacific. Fractional shares will be rounded up or down at 0.5 to the nearest whole number. A Shareholder who fails to deliver to the Depositary a duly completed Letter of Transmittal or fails to properly indicate a choice for the form of Arrangement Consideration on the Letter of Transmittal will be deemed to have elected the Cash Consideration.
More information on filling out the Letter of Transmittal can be found here. Should you have any questions, please contact Kingsdale Advisors at the toll-free number 1-888-518-6796.