S-19 - Act respecting the Société québécoise d’exploration minière

Section 11 Disposition versions

1977-12-31

11. The Minister of Finance may, in addition, pay to the company, out of the consolidated revenue fund, with prior approval of the Government, an amount of $26 500 000 for 2,650,000 fully paid-up shares of its capital stock for which certificates shall be issued to him in return for such payment.

Such payment may be made, in one or several instalments, before the end of the 1980 calendar year; if it is made in several instalments, each of them must be submitted for the approval contemplated in the first paragraph.

1977, c. 33, s. 3.