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Yukon Nevada Gold Corp T.YNG



TSX:YNG - Post by User

Post by Iceshaveron Feb 14, 2011 2:33am
364 Views
Post# 18127211

CORRECTION TO PREVIOUS POST

CORRECTION TO PREVIOUS POST My sincere apologies to all.  The figures I posted  in my early  post  are incorrect by a  LARGE  amount.  YNG is offering an almost 20% discount to the warrant holders. If YNG was to receive $59,343,502 , after the 18% discount,  then the total amount they would receive from the full warrant exercise price  is $72,370,124, a difference of $13,026,622.  Please plug in these corrected figures in the appropriate places on my  previous  post..  18% of $72,370,124  IS THE $13,026,622  DISCOUNT!!!!.   If you subtract $13,026, 622 from $72,370,124, you arrive at the $59 ,343,502 YNG would receive after the 18% discounted warrants are exercised.. Therefore the BONANZA  for the warrant holders is astounding!!!!  Everything else I posted ,stands "as is".  It is significant to point out that we are talking about 235,823,053 warrants, a whopping number of new  YNG shares!!!   This is an "OLYMPIC CLASS SHAM".   That $13,026,622  BONANZA for the warrant holders is obscene and unacceptable.  Again , I apologize for my calculation error.  I am just a sad mortal.    HUMBLY   ICE
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