Clean Energy Transition Inc V.TRAN

EVNi

[alfhope]

RRS originally wanted to spin off their Langmuir project into a new, wholly owned nickel subsidiary, but now they only hold a 20% stake. But the organs of the new company are the same as those of RRS (Samson, Davis, Gingras, Wolfenberg,). Wouldn't a spin-off of the project including the allocation of shares of the newly founded Co. to the shareholders of RRS have been more shareholder-friendly ?

[Buyhigheatchips]

Someone had to fund the new company which entails the funders acquiring equity (we dont have millions sitting around) plus this is perhaps better from a risk management point of view.  Good question for Sean. 

[Buyhigheatchips]

On the plus side exploration may reveal significantly more nickel which entitles us (RRS) to millions in cash or shares or a 51% stake in EVNi. So it's not like we're stuck with a smaller and smaller portion of the pie. 

[ARIMA11]

RRS shareholder prior transaction held100% of Langmuir. Today s/he owns....:)

[Buyhigheatchips]

As I said who was going to fund the exploration that's now going to happen this year?

[ARIMA11]

At who's expense. No dilution right? Also, did anyone expect the same management? :) Oh I guess that part was left off when the announcement was made. https://ceo.ca/@accesswire/rogue-update-langmuir-project-sold-to-ev-nickel-inc This is when the public becomes private. :)

[Buyhigheatchips]

Sean and Paul hold a bunch of RRS and probably personally know other major shareholders. Do you really believe they're trying to pull a fast one? Everyone's interests are aligned in my opinion and I'm happy the exploration is going forward. Hopefully we see some more nickel and a successful EVNi. Cheers!

[ARIMA11]

Everyone interest is aligned right? You get 20% of something you owned 100% of. :) Also now you get half of management team time on the direct shares you own. The other half of their time is on the 20% RRS.V own. Oh yeah, RRS stock price has been stellar in the past three years. You think that EVNi success will show up in RRS.V price now? :) . RRS.V shareholders are not getting a direct shares of

[Buyhigheatchips]

I also get the following when I think about it... Exploration that would not have otherwise happened A name that will probably generate some excitement for new investors **No dilution to my RRS shares** Risk sharing and Hopefully millions in cash or shares of a HOT nickel company or 51% of it.  I guess we'll see soon see what the market thinks about it. Cheers!

[ARIMA11]

Precisely. How does being an indirect owner of EvNickel now benefit RRS shareholders?  Also would management now not be getting two pay checks? EvNickel and RRS? :)