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Yamana Gold Inc. AUY


Primary Symbol: T.YRI

Yamana Gold Inc is a Canadian-based precious metals producer with gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. The company's segment includes Canadian Malartic; Jacobina; Cerro Moro; El Penon; Minera Florida and Corporate and other. It generates maximum revenue from the Canadian Malartic segment.


TSX:YRI - Post by User

Bullboard Posts
Comment by mas75on May 05, 2009 1:21pm
308 Views
Post# 15968151

RE: warrants

RE: warrants$11.05 stems from the fact that $6.00 and 1 warrant used to get you a share of Northern Orion Resources. After the takeover, Yamana converted the terms of the warrant over to Yamana stock under the ratios negotiated in the deal. Since they negotiated 0.543:1 for the share conversion, the same number applied to the warrants.

So if I had 1000 shares of NNO, I ended up with 543 shares of Yamana after the takeover.

If I had 1000 wt.c's, I could pay $6000 and receive 1000 shares of NNO (before the TO), which would convert to 543 YRI after the merger. ($6000/543 shares = $11.05/share).

Similarly, now that NNO no longer exists, you might see people talking about 1.84 wt.c's per share of YRI. That's simply the NNO:YRI conversion (1/0.543 = 1.84).

Does that help?

Cheers,
mas75
Bullboard Posts