OTCQB:UEXCF - Post by User
Post by
KansasCrudeon Oct 29, 2010 10:42am
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Post# 17630088
Dodger help me with my Math
Dodger help me with my Math From the press release:
Underwriters have agreed to purchase on a bought deal private placement basis (or arrange substitute purchases for), 5,500,000 flow-through common shares of UEX (the "Flow-Through Shares") at a price of $1.65 per Flow-Through Share for total gross proceeds to UEX of $9,075,000. A cash commission equal to 5.0% of the gross proceeds raised in the offering will be paid to the Underwriters
I don't get where you get the $.85 a share with them paying a 5% commission I get $1.61. Still looks bullish to me. Don't let the manipulators playing on misunderstanding this dilution scare you into selling.