OTCPK:TGGDF - Post by User
Comment by
Newton1234on Dec 02, 2021 3:00pm
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Post# 34191575
RE:RE:RE:Why are investors selling at 25 cents ?
RE:RE:RE:Why are investors selling at 25 cents ?It was 1 share TGC for each 2 shares EPL in April 2018. At the time, EPL was 20-30c. Say 10-15c effective cost base for TGC? TGC traded down 5-10c in 2019-2020.
https://www.taigagold.com/news/eagle-plain%E2%80%99s-completes-taiga-spin-out-announces-iron-range-drilling Cranbrook, B.C., April 11th, 2018: Eagle Plains Resources Ltd. (TSX-V: “EPL”) (the “Company”) announces that it has received formal approval from the Court of Queen’s Bench of Alberta - the final step in completing the spin-out of Taiga Gold Corp. Shareholders of Record on April 12th, 2018 will receive one share of Taiga for each two shares of Eagle Plains. Shareholders voted overwhelmingly in favour of the transaction at a special meeting held on April 6th, 2018 in Cranbrook, BC. It is expected that Taiga securities will be listed for trading on the CSE on or around April 23rd, 2018 under the symbol “TGC”. Eagle Plains will retain 19.9% of the outstanding shares of Taiga at the close of the transaction.