OTCPK:ASLRF - Post by User
Comment by
paulindoonon May 25, 2010 8:08am
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Post# 17127633
RE: Share Issuance
RE: Share IssuanceRegarding the exercise of the warrants from the Jan PP:
I have no idea whether or not my view is common or not but what I am thinking is that there is no rush to exercise the warrants since they will remain exercizable until Jan 23/11. The only reason i can see for doing so sooner rather than later is if someone needs the spread (profit = SP - 0.10) that the exercize would generate - of course I am assuming that the SP will be higher than the exercise price of
.10.
Please note that in Jan PP, there were some 69.997,139 shares placed with warrants for additional 35 million shares (each warrant = 1/2 share purchase @ 0.10). Those warrants will therfore raise another $3.5 million.
Link:
https://www.ariansilver.com/s/NewsReleases.asp?ReportID=381873&_Type=Press-Releases&_Title=Arian-Silvers-3.5-Million-Non-Brokered-Private-Placement-Completed-and-Over...
Lastly, as these shares/warrants replaced the much misaligned Grafton deal, AGQ basically replaced Grafton with a slew of investors.