RE: NEWS!!!so can paid $4 million cash and $16 million in shares for the Ethiopian property. We will get one free share of the new co for every five shares of CAN we hold.
CAN has 200 million shares. The new company will have 40 million shares.
As the new company is worth at least $20 million, then divided it by 40 million shares and each share is worth 50 cents.
Am I correct?