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Cline Mining Corporation T.CMK

Metals & Mining Industrial Metals & Minerals


TSX:CMK - Post by User

Cline Mining Corporation > Not making money?
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Comment by larryl2on Dec 27, 2012 10:41am
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Post# 20774015

RE: RE: RE: RE: Not making money?

RE: RE: RE: RE: Not making money?

I been too optimistic about financing at 5 cent:

 

  • US$25,000,000 principal amount of the Bonds will be exchanged for 2.091 billion common shares of Cline, being an effective exchange price of approximately US$0.012 per share; 
     
  • the current common shareholders of Cline will receive rights to subscribe for up to an aggregate of 1.711 billion common shares at a subscription price of CDN$0.0205 per share for gross proceeds of CDN$35,000,000.
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