RE: RE: RE: Cash value
SinoTech currently holds 48,000,000 Common Shares, representing approximately 28% of the Company on an undiluted basis. After giving effect to the Treasury Offering and the Secondary Offering, but before giving effect to the Over-Allotment Option, SinoTech will hold 42,000,000 Common Shares, representing approximately 22% of the Company on an undiluted basis.
Canaco Resources Inc. (TSXV:CAN) (“Canaco” or the “Company”) is pleased to announce it has entered into an agreement with a syndicate of underwriters co-led by Canaccord Genuity Corp. and TD Securities Inc. (the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 18,700,000 common shares (the “Common Shares”) of the Company at a price of $5.40 per share for aggregate gross proceeds to the Company of $100,980,000 (the “Treasury Offering”). The Company has also agreed to grant the Underwriters an over-allotment option, exercisable for a period of up to 30 days following the closing of the Treasury Offering, to purchase from the Company up to an additional 2,805,000 Common Shares at a price of $5.40 per share for additional gross proceeds of up to $15,147,000 (the “Over-Allotment Option”). If the Over-Allotment Option is exercised in its entirety, the aggregate gross proceeds of the Treasury Offering to the Company will be $116,127,000.In addition to the Treasury Offering, the Underwriters have agreed to purchase, on a bought deal basis, from SinoTech (Hong Kong) Corporation Limited (“SinoTech”), 6,000,000 Common Shares at the same price as the Treasury Offering for gross proceeds to SinoTech of $32,400,000 (the “Secondary Offering”). The Company will not receive any proceeds from the Secondary Offering.
+32M shares at 0.05
+16M shares at 0.07
-6M at 5.40
= 42M
Currents assets as of Dec 31, 2011 = $112.4M (as of Sept 30/11 = $123.8M, June 30/11 = $136.3M, Mar 31/11 = $144.1M)
SEDAR seems like a sensible place to get information? Where do you get yours?