Flow through sharesThis is likely the flow through shares that were sold back in December being dumped as they became free trading.... The cost after tax benifit is in the 3 to 4 cent range. They will likely dump the shares and ride the wt for exposure to this play.
The wts are at .15 so it is not the exercise of wts happening, it is the selling of the shares from that placement...JMHO
Enjoy it while it lasts as once they are done, HLO will move back into the .08 to .10 range.JMHO
There won't be any selling presure from wt exercise untill HLO gets into the .20's... But this paper will likely change hands repeatedly on its way up..
Filling my boots with the cheap stuff!
Halo Resources 19.95-million-share private placement
2009-12-08 19:16 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to the second and final tranche of a brokered private placement announced Sept. 29, 2009, and amended on Oct. 19, 2009.
Number of shares: 19.95 million flow-through shares
Purchase price: Five cents per share
Warrants: 9,975,000 share purchase warrants to purchase 9,975,000 shares
Warrant exercise price: 15 cents for a one-year period and 20 cents in the second year
Hidden placees: 37 hidden placees
Pro group: Fred Solmon, 100,000
Agent's fee: $69,825 and 1,396,500 compensation warrants, exercisable at five cents for a two-year period into one non-flow-through share and one non-flow-through share purchase warrant exercisable at 7.5 cents for the first year and 10 cents for second year, payable to Loewen, Ondaatje, McCutcheon