RE:RE:RE:RE:RE:It’s official,, Eldorado did not maintain their 15% ?tomgranite wrote:
Do Eldorado need to buy 9mil shares to maintain their 15%?
As at May 30, 2016, the number of common shares outstanding or issuable pursuant to other outstanding securities is as follows:
Common Shares Outstanding 439,943,002
Issuable upon exercise of warrants Nil
Issuable upon the exercise of stock options 21,049,500
Issuable upon the vesting of restricted share units 3,720,000
Total 464,712,502
440M Outstanding + (as of 6/2) 26.5M flow-through shares + 8.5 non flow-through shares = 475M Common Shares Outstanding x 15% = 71.25M shares. Eldorado's holdings 62M - 71M = 9M needed to maintain their 15% ownership.