RE: RE: RE: RE: RE: News - Private placement at .6OIL_NEWBIE_CDN
I don't agree with your calculations. A unit is composed of 1 share plus 1/2 a warrant excercisable at 80 cents. This means:
25,000,000 common shares plus 25,000,000 1/2 warrants
or
25,000,000 common shares plus 12,500,000 warrants excercisable at 80 cents
Total Dilution is 37,500,000 shares if warrants are exercised.
Total money is 25,000,000 x 0.6 plus 12,500,000 x 0.8
or $15,000,000 plus $10,000,000 = $25,000,000