RE: RE: RE: RE: RE: RE: RE: RE: RE: What will it tThank you sir,
for sharing this information with us ,
very nice to get discussion on these topics
so really what you are saying is that the flow threw shares sold by private placement
in anglo's news releases cost the buyer aprox 50 % of the disclosed cost
therefore we can assume the cost of these shares high lighted in green were actually bought at a aprox. cost of
.125, .145, and .165
well if some one is picking up 12 million shares at .125 and flipping them at .15 they make about 300,000
and at the daily volume we are experiencing these days this will take some time, I know for a fact that this suppression of sp is causing some holders to sell.
please let me know if this is correct.
regards...
..............................................
CALGARY, ALBERTA--(Marketwire - March 11, 2011) - Anglo Canadian Oil Corp. ("Anglo" or the "Company") (TSX VENTURE:
ACG -
News) is pleased to announce that it has arranged a non-brokered private placement (the "Offering") to sell an aggregate of (i) 12,000,000 units ("Units") of the Company at a price of
.25 per Unit, and (ii) 10,344,900 common shares issued on a flow-through basis ("Flow-Through Shares") at a price of
.29 per Flow-Through Share for gross proceeds of up to approximately $6 million. Each Unit consists of one common share ("Common Share") of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant") with each Warrant entitling the holder thereof to acquire one Common Share at a price of
.33 per Common Share for a period of 18 months from the date of closing the Offering.