NOG Share flowthru and WarrantsThere seems to be some confusion about the recent share issue and flow thru. This clipping is taken from the latest press release about the closing of the first tranche share issue.
Each whole Warrant entitles the holder thereof to purchase one regular Class A common share of the Corporation at a price of
.12 for a period of 18 months from the date of issuance. The Flow-through Shares and Warrants will be restricted from transfer for a period of four months and a day from the date hereof in accordance with applicable securities laws.
On another note the earlier series of financings were proposed on Oct 26th,2010. I dont have the closing date of this previously announced financing. If you take Oct 26th and add 4 months though which is being generous on the time scale front. Then it would mean that these stocks and warrants can become tradeable approx Feb 26th. More realistically though they would become tradeable in March ,2011 ( 4 months from the date of the closing of the financing versus the day of the announcement of the financing)
Hope this helps to ease some peoples mind here that fear that there will be a dumping ground of financing stock to hit the market. All of the stock that has been released by both financings will be out well after Endeavor results are out.
Cheers