Cline Mining Corporation T.CMK

Current CMK value

[larryl2]

Can we consider that CMK theoretically has 2.3B shares already?

"Under the Marret Plan, among other things, the bondholders will exchange US$25,000,000 principal amount of outstanding bonds of Cline for 2.091 billion common shares of Cline, being an effective exchange price of approximately US$0.012 per share.  "

2.09b + 0.21B (of current shares) at 4.5c

It is about $100M market value. ???

[shane117]

No, the transaction hasn't occured yet. The company in the next week or two will announce the details of the deal AGAIN and with a closing date.

[larryl2]

I know, that the transaction hasn't occurred yet. I just thinking that who is buying now sees below $10M company value according to the current price