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Niobay Metals Inc V.NBY

Alternate Symbol(s):  NBYCF

Niobay Metals Inc. is a Canada-based mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties. It holds a 100% interest in the James Bay Niobium Project located 45 kilometers (KM) south of Moosonee, in the Moose Cree Traditional Territory of the James Bay Lowlands in Ontario. The Company also holds a 72.5% interest in the Crevier Niobium and Tantalum projects located in Quebec and on the Nitassinan territory of the Pekuakamiulnuatsh First Nation. The Company also has the option to acquire an 80% interest in the Foothills project, a titanium-phosphate project located near the former St-Urbain mine site in Quebec. The QTZ exploration project is northwest of its Crevier property and includes 257 mining claims. It holds interest in an Crevier niobium and tantalum project, located in Quebec, Canada. The Company’s wholly owned subsidiary is Crevier Minerals Inc.


TSXV:NBY - Post by User

Bullboard Posts
Post by vinoconundrumon Mar 24, 2009 9:36pm
582 Views
Post# 15867829

translation

translationwho can translate this to english and put a number on it?

An Advisory Opinion dated July 29, 2008, was prepared by Haywood Securities Inc. ("Haywood") in connection with the exchange offer of MDN dated July 31, 2008 to purchase all its outstanding listed common share purchase warrants. Haywood concluded that an exchange ratio of approximately 3.75 warrants per common share was necessary to provide for a high probability of participation in the exchange while minimizing dilution to current MDN's shareholders. Dilution from the warrant exchange offer at a ratio of 3.75 warrants per common share, when compared against the dilution upon exercise of warrants, was considerably less and considered a savings to shareholders given management guidance and market valuation of comparable companies. MDN also obtained a Liquidity Assessment and Statement prepared by Fraser Mackenzie Limited ("Fraser Mackenzie") in connection with the exchange offer. Fraser Mackenzie was of the opinion that the market for the common shares and warrants was liquid when compared with other similar companies and that the market for the common share and warrants was not going be materially less liquid following the completion of the exchange offer.





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