Only 704 million shares Fully DilutedI am not sure how everyone is getting 801 million shares fully diluted....
We had 364 million shares fully diluted before private placement....
New Placement =
110 million/.35 million = 314 million
Warrants on PP = 28 million (note no warrants on subscribtion receipt portion - 80 million portion)...
Therefore, total is only 704 million shares FD.....
Also, it says there are certain milestones that have to be met before subscription receipts can convert to common shares. So, 228 million of the new receipts have conditions that have to be met before they are converted to common shares.....
I think everyone needs to re read the news release on the financing...........
Kadillac