Don't Want to Beat a Dead HorseThanx Ekim & Cudjo. You might be right.
However, both Robert Friedland and Sprott provided "standby guarantees' to backstop the 2017 rights offering. PGD was silent on the warrants compensation when the rights financing was first announced in July 2017, but after the deal closed in Aug. 2017, details then emerged that 2 million warrants were awarded despite the fact that the rights were "oversubscribed".. I would expect not just Sprott that got the "sweetener" leaving out Robert.
Here is the Aug.9 , 2018 Management Info. Circular for the current takeover:
"...the Company’s largest Securityholders, Eric Friedland and a company controlled by Robert Friedland, collectively beneficially owning approximately 42.9% of the issued and outstanding Shares (and 42.3% of the issued and outstanding Shares, Options and Warrants) are supportive of the Arrangement and have entered into the Lock-up Agreements."