Quote from: tigereye on August 25, 2014, 07:49:54 PM

I have also received this and am not sure how to proceed.

If we don't participate in the buyback, what happens?

There is a discussion of this in the official Cavirtex thread as well but to quote from it if you take the deal you can't sue and you make a 10 dollar fiat gain from the IPO price and take a 50% Bitcoin loss from the havelock closing price.
If you don't participate in the buyback you retain your right to sue and ownership of the company but no votes.
Should you choose to not exercise your right of rescission you will remain a Class "B" Non-Voting shareholder of the Company.
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As you know, 1612643 Alberta Inc. operating as CA Virtex, (the "Company") delisted from havelockinvestments.com ("Havelock") effective December 31, 2013, following which all holders of an interest in the Company purchased on Havelock were issued Class "B" Non-Voting Shares in the capital of the Company. Many shareholders provided their registration details and were subsequently provided with a copy of the share certificate evidencing their Non-Voting Shares. Part of the registration process was designed to assist the Company in reviewing prior sales of its securities to ensure compliance with applicable securities laws. As the Company has not prepared a prospectus qualifying the distribution of its securities it must comply with applicable exempt financing rules relating to the sale of its shares. This means that each purchaser of the Company's shares must qualify as an "accredited investor". The Company has made attempts to identify accredited investors throughout the registration process. Many shareholders, however, have not responded to the Company's requests for registration information. As a result of the difficulty in completing the registration process, the Company has determined to offer (the "Offer") a right of rescission to all of the Class "B" Non-Voting shareholders, without regard to whether or not registration details were previously provided.

The Offer is being made to all Class "B" Non-Voting shareholders on the basis of CAD$0.40 or 0.00070052 BTC per share (the "Offer Price") (or, prior to giving effect to the conversion to Class "B" Non-Voting Shares, the equivalent of CAD$40 or 0.070052 BTC per unit as then listed on Havelock). Should you exercise your right of rescission, you will receive an amount equal to the Offer Price multiplied by the number of Class "B" shares held by you, payable in BTC or Canadian dollars. If you elect to be paid in BTC then payment will be made at a fixed exchange rate of CAD$571/BTC. The Offer Price will be paid without interest or deduction and, in making the election to accept the Offer, you will be deemed to have never been a shareholder or have any other interest or rights in or relating to the Company and you agree to waive any right to pursue the Company at law or in equity for any claim in any jurisdiction against the Company and its officers, directors and employees. The Offer will remain open for 35 days, until 9/25/2014, 2014 at 4:00PM MST (the "Expiry Time"). Should you choose to not exercise your right of rescission you will remain a Class "B" Non-Voting shareholder of the Company. To accept the Offer please reply by return email indicating your acceptance of the Offer (in BTC or CAD) and providing the applicable BTC address for payment in BTC. For payment in CAD, you must have a Canadian Bank account and be able to accept and electronic funds transfer credit, you will be provided details on setup when you respond.

Should you have any questions regarding this matter, please reply to this e-mail.
Authorized By: Joseph David per 1612643 ALBERTA INC.

Thank-you
Jennifer Kirk
CaVirtEx Executive Assistant