RE: Understanding math,,,,lookHeres is what will happen,
MacMillan Gold Corp (V.MMG or MMEEF) has proposed amerger transaction with joint-venture partner Duran Ventures Inc. (DRV.Vor DUVNF) for the purpose of consolidating 100% ownership of the Peru Propertyassets under Duran. Under the terms of the arrangement, MacMillan shares willundergo a reverse split 1 for 2, and then be converted into shares of Duran. Inaddition, one share of a separately listed New Company (Newco) will be issued asa dividend to all MMG shareholders. Therefore, for every 2 MMG shares heldunder the current share structure, shareholders will receive 1 share of DRV, andone share of a Newco as a dividend.
Is this a good deal at present stock prices I think depends on how they value the Mexican properties in the Newco.