Arcan Resources Ltd ARNBF

RE:a surprisingly generous deal....

[rad10]

teevee wrote: given current metrics on what proved producing is selling for, I expected about a 35-40% haircut for debentures and zero for equity. I am surprised equity was thrown a bone (12.5% equity in assets via spinco), and that debenture holders were offered about $.85 on the dollar.......I would take this deal and run as fast as I could. With a deal this generous, it is very unlikely another company will step up. 

teevee - this is just a preliminary - I doubt the debenture vote will pass.  Start digging the trenches and filling the sandbags.