As Aurora owns approximately 52% of the issued and outstanding Hempco Shares, it is expected that the Transaction would constitute a "business combination" for the purposes of Multilateral Instrument 61-101 - Protection of Minority Shareholders in Special Transaction and that Hempco will obtain a formal valuation and a fairness opinion from an independent valuator. Upon completion of the Transaction, Hempco will become a wholly owned subsidiary of Aurora and Hempco's shares will be de-listed from the TSX Venture Exchange and it is expected that Aurora will apply to cause Hempco to cease being a reporting issuer under applicable Canadian securities laws.
Garcia explained that the bidding for the consultancy services is important to be accomplished first, "so that we can get a third party valuator that will become the basis of our board of directors for setting the floor price."
Some experts, such as Jennifer Petridou Sharpe, a property valuator at Filoktimatiki, say this may change the quality of life that some British expats have so far enjoyed: "This might not be the lifestyle they are used to.
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