RE:RE:no volume Hey Kid,
The press release says that the receipt of information, certificates will be July 24th.
So, I would assume we can't give instructions until that point.
But after that, anytime between July 24th and up to August 15th (although I wouldn't push my luck on August 14th/15th), you can give instructions.
As for your second part, It is not first come first server...it is a pro-rata thing.
"Shareholders who fully exercise their rights are entitled to subscribe pro rata for additional common shares, if available, that were not subscribed for initially on or before the expiry date."
So, there is no need to rush your order.
What I don't know is whether the standby agreement is a true standby agreement where they will only enact the exercise of rights if there are any left after retail has a go at over subscription...or if they will be on the same footing as retail.
If it is the latter....the retail investor may be squeezed to a small pool.
If it is the latter..this is how I see it happening.
Robert/Eric/Sprott come together as a single entity with a combined 140 million shares dumped into the pro rata calculation.
Retail investor X comes out witha 100,000 shareholding and requests another 100,000 million shares in oversubscription.
Let's say the resulting pool of available shares is 10 million shares and only the above are the only oversubscribers.
Robert/Eric/Sprott can get 140 million / (140 million plus 100,000) * 10 million = 9,992,862 shares.
Retail investor X gets the rest at 7,138.
Now, once Robert/Eric figure out that they can't absorb those shares because of ownership restrictions..they nominate Sprott to revceive the allotment of shares.
So, this pro-rata thing...depending on your interpretation of the standby agreement, could squeeze the retail oversubscriber or not.
I would just submit for the oversubscription and not get too excited if you don't receive much if any.
This is not the same rights offering as early 2016.
Good Luck.
LONG...PGD
EKIM