RE: RE: RE: RE: BPV Announces New Date
Hi roz hope this helps
The bottom of agreement from announcement has % post consolidation for BPV holders
"Pursuant to the Business Combination outlined above and assuming that Premier Gold does not exercise its one time right to convert its bridge loan into units of New Bridgeport, on a post-consolidation basis there would 47.6 million common shares outstanding in New Bridgeport (on a non-diluted basis), of which approximately 39.8 % would be owned by Premier Gold and 26.5% would be owned by current Bridgeport shareholders."
Slide 17 on this presentation has the breakdown and a chart - info below
Bridgeport Shares Outstanding: 12.6 million
Shares Issued to Premier: 19.0 million
Aberdeen Convertible: 7.5 million
Thunder Creek: 0.4 million
New Convert Financing: 8.2 million
Additional shares to float if all BPV holders exercise warrants 4,725,000 (12,600,000 x .375) the conversion will add $9,450,000 to the treasury if all exercised (4,725,000 x 2)
Other vendors as part of deal will also receive warrants which will add to the float and treasury outside of original BPV holders. Quote from above news release as well.
"In addition, approximately 7.82 million post-consolidation Bridgeport Shares and up to 4.73 million warrants to purchase post-consolidation Bridgeport Shares will be issued to certain vendors of royalty interests in connection with the Business Combination."
JW