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JNR Resources Inc JNRRF



GREY:JNRRF - Post by User

Comment by jackpinesavageon Jan 09, 2013 12:22pm
400 Views
Post# 20815396

RE: How to Convert?

RE: How to Convert?

Pelican, The convert rate is .073 shares of Denison for every share of JNN.

Roughly 7.3%. If you own 10,000 shares of JNN, you will convert to 730 shares

of Denison. Until this deal is consummated in Febuary, JNR Resources is a proxy

on Denison. The reason JNN 'S shareprice is moving today is because Denison

announced positive results on their reserves at Wheeler.

Denison is trading at 1.36 today. 730 shares x $1.36 =$992.80 .

That is the reason JNN is trading up a penny to .10.  Siestou?

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