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The full dysfunction of your exchange might possibly be detailed regarding the proxy report away from Resolute, to be filed for the You.S. Fairfax Economic Holdings Limited, a critical shareholder of Resolute, provides inserted to your a good voting and you can assistance agreement to help you vote its shares in favor of the transaction. Since July 5, 2022, Fairfax Monetary Holdings held up to 31,548,190 shares, or 40% of your a great offers by you to definitely go out. Resolute stockholders can get the opportunity to choose to the exchange from the a good stockholders’ conference getting kept during the early slide. The newest merger requires the brand new acceptance of a majority of the fresh a good shares of Resolute. Furthermore, the team intends to setting a lot of time-term partnerships with one or more colleges inside Quebec and you will Ontario to help you spearhead advancement in the field of fibre-centered biomaterials.

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