RE: 24.11 million warrants The important part of the press release.... This bodes well for our current sp and underlines how cheap the company is.
The Warrants were acquired by GoldMet for investment purposes. GoldMet expects to (i) acquire an additional 30,000,000 Monument Shares in a private transaction from a single holder of Monument Shares (the "Subsequent Share Purchase"), and (ii) exercise the Warrants, in each case, on or prior to July 21, 2012, and may acquire additional Monument Shares, before or after such date. Assuming the exercise by GoldMet of all of the Warrants, and the completion of the Subsequent Share Purchase for the full 30,000,000 Monument Shares, GoldMet will own 54,112,500 Monument Shares, representing approximately 26.0% of the issued and outstanding Monument Shares, based on the number of Monument Shares issued and outstanding as at March 31, 2012. From time to time, GoldMet may dispose of some or all of the securities it holds or will hold, or may continue to hold its current position depending on the business and prospects of Monument and GoldMet itself, as well as future market conditions.