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Bridge Resources Corp V.BUK



TSXV:BUK - Post by User

Comment by lancer99on Jun 18, 2008 2:19pm
453 Views
Post# 15199705

RE: Financing

RE: FinancingI suspect that Tinmann and Kel2 are smack-on in their recent posts. Word on the street is that Bridge will announce shortly that they are floating a convertible debenture. I've heard several numbers rumoured, but the most prevalent is around $70 million, convertible at $1.85 or $1.90. If correct, it will add more shares to this already large share/warrant pool down the road. Would prefer straight debt financing myself but assume that management has their reasons. Love the storey but very cautious about buying more due to share dilution down the road.
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