Columbus Gold Corp CGTFF

just trying to get a grasp on the share price...

[golfpokerpool]

after the share distribution. at what price will the alegeant shares start trading? do you expect the Columbus share price to loose 1/5 of their value upon the alegeant share distribution ?

[AltaRounder]

     Well, yes in straight math theory. But we don't know for sure how much of the Nevada properties were already priced in. As the Dec 11 roll out  has approached the CGT price has rose almost .10 cent. At the very least, I believe CGT will lose this again. Before the deal was announced the price was already pretty weak, so, I don't think it will drop a lot more than

[golfpokerpool]

Thanks ALTA. Is the share holders of record date set to dec 11th? the press release does not confirm the date. I think that both company's will do great. I am keeping my shares, and if possible adding on more.

[ukermann]

GPP: On the Columbus web site they say the the record date for shares of the spinco is 4 business days after the meeting date. So, in my mind, that means this Friday, Dec 1

[Zeffirin]

In the CGT brochure I received, it's written that the effective date (date upon which the Arrangement first becomes effective) will be monday december 4th.

[Zeffirin]

I was wrong. As it's written in the Allegiant press release on October 11th : Only shareholders of record as at the Share Distribution Record Date will be entitled to receive shares of ALLEGIANT in the spin-out. Shareholders who sell their shares prior to the Share Distribution Record Date will not be entitled to receive shares of ALLEGIANT. In the CGT brochure the Share Distribution Record

[golfpokerpool]

That is what I comprehend from the press release. dec. 11th. why are people already selling their shares ? IMHO, only because the Tuesday morning press release is not clear.

[ukermann]

So originaly they wanted to hold the meeting on the 20th Nov. That ended up getting pushed out a week...Nov 27. Thus the statement about 4 business days after the meeting will be considered the date of record puts that out to Friday  Dec 1.  The date for determining the shareholders entitled to receive 1 (one) share of ALLEGIANT for every 5 (five) shares they own of Columbus (the “Share

[AltaRounder]

That's the way I read it too. The Distribution Record Date is the one to get right. Dec 11 for when we get our shares. Anyone out there have a guess on what Allegiant will start trading at? I'm going to ladder a bunch of "Lowish" bids in on Dec 11th . Trying to guess a starting point.

[golfpokerpool]

I think that the PP was done at .60 . not to clear on that either. .60 Canadian, or US ?

[AltaRounder]

Placement out of Canada for 12 million Cdn with 20,000,000 common shares and 20,000,000 warrants at a 1.00. Don't recall seeing the expiration date on the warrants, yet, but I don't suspect any will be trading right away.