From the prospectus I've determined:

• Fact KWG sole shareholder of Debuts
• Fact KWG has 42,500,000 shares of Debuts
• Fact KWG has 37,500,000 warrents of Debuts
• KWG intends to distribute to KWG shareholders approx. 27 million Debuts shares and 27 million Debuts Warrants on a basis of 1 Debuts share and 1 Debuts warrant for every 10 shares of KWG

Now, here's where I get confused, and I quote

"As at the date of this prospectus, Debuts does not have any of it's securities listed or quoted, has not applied to list or quote any of it's securities, and does not intend to apply to list or quote any of it's securities on the Toronto Stock Exchange" etc.

Of what benefit is it to receive shares that can't be traded. Am I missing something here? Am I not reading this right? Will it be a cash dividend payment based on shares for calculating puposes?What exactly is "a tax-free return of capital via a dividend "?

I'd really like someone to make sense of this.