RE: CBM Merger
Just received Ember's Info circular and Proxy.
They say that a total of 129.5 to 147.9 million shares will be issued if the completion of the arrangement and private placement goes thru.
Please ignore my original estimate of shares outstanding after the merger.
Still hope Cordero holders take Ember shares rather than cash so that the new company will have further funds for expansion.
Ember holders will also vote on a share consolidation, 1 post-consolidation share for 2.5 pre-consolidation share.
If the merger goes thru and the share consolidation is approved, the new company
should have from 51.8 to 59.1 million shares.