CAVU Resources Inc (CAVR)

[GreenSkies]

Probablly a dumb question, but I was reading the PR on the Merger of CAVR with its subsidiaries, and it quoted "in the event that the shareholders approve the spinoff of the subsidiary as proposed in the Proxy, then the shareholders of record as of August 19, 2011 will receive shares of CVE on a 1:40 basis." First, is that 1 share for every 40 owned or vice versa? and is that in addition to the shares one already owns? I would appreciate clarification on this and how that will affect PPS if it means dillution.