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Bullboard - Stock Discussion Forum Stelmine Canada V.STH

Alternate Symbol(s):  STHFF

Stelmine Canada Ltd is a Canadian mineral exploration company. It is engaged in the acquisition, exploration, production, development of mining properties in Quebec. Its asset portfolio includes Courcy Property, Mercator Property, Joubert Property, and Trieste Property.

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Stelmine Canada > Flow through financing after tax cost 0.10-0.12¢
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Flow through financing after tax cost 0.10-0.12¢

Yepnewpapy (43) | December 15, 2021 01:26 pm

https://www.stockwatch.com/News/Item/Z-C!STH-3183158/C/STH

Shares have a 4 months hold but are free trading after

Number of securities:  10,638,297 flow-through common shares

Purchase price:  23.5 cents per flow-through common share
after tax cost 0.10-0.12¢

Warrants:  5,319,148 common share purchase warrants to purchase 5,319,148 shares

Warrant exercise price:  30 cents per share until Dec. 9, 2024



RE:Flow through financing after tax cost 0.10-0.12¢

MarlinLong (12) | January 26, 2022 04:21 am

So MG has 10.6m flow thru units at an after tax basis of 10-12c..Am I right in saying these are the only FT units sold to date?   Where the compnay that desperate that they had to issue (potentially toxic) FT units?...seems strange given they did not have to resort to this in the previous financings in June, August & November 2021..

MG has stated publicly he is against companies issuing FT units given the incentive of holders to blow them out after the hold period is up.  I guess this doesnt apply to himself. Could be a huge overhang on the share price if he starts to dribble out 10.6m shares in April.