Post by
pathfinder8 on Oct 06, 2021 3:18pm
Rights offering and the share price
I believe as Frontera owns such a major position in CGX, they could not just issue 44 mm shares to themselves at 1.63 when the stock was trading near 2 dollars. This way, current retail sharholders are deemed to have been able to participate but in the end, FEC will buy 90 plus % of the shares. Securities rules and the TSX probably deem this to be "fair" to current outside shareholders. THis it the possible answer for the Rights, not fact.