OTCPK:PSPGF - Post by User
Comment by
RMC12345on Apr 28, 2006 2:39pm
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Post# 10763796
News Release Summary
News Release SummaryBought deal: 2 shares for $3.00 conditionnal on receiving 2 particular permits within 6 months. This raises $30,000,000.
If no permits received within 6 months, PPG pays back $0.75 for outstanding subscription receipts (or $2.25 per share) because 3 subscription receipts equal one share, plus some interest, in which case the first share would then have been bought at $0.75 cents.