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KGL Resources Ltd V.KGL.H

Alternate Symbol(s):  KOGMF

Metals & Mining Gold
KGL Resources Ltd. is a Canada-based company. The Company holds no mineral properties. It is looking for suitable assets or businesses to merge with or acquire. It has not generated any revenue from its operations.


TSXV:KGL.H - Post by User

KGL Resources Ltd
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Post by Pflanzengifton Jan 31, 2013 4:37pm
434 Views
Post# 20920164

NEWS: Huge dilution due to 10M$ capital raising?

NEWS: Huge dilution due to 10M$ capital raising?

Trading halt and News:

Kilo Goldmines Files Preliminary Short Form Prospectus for Offering of Common Shares

https://finance.yahoo.com/news/kilo-goldmines-files-preliminary-short-204500891.html

...a price per Common Share to be determined in the context of the market, for aggregate minimum gross proceeds of C$10,000,000...

Assuming that the sp for the new shares will be something about .11, this would mean a dilution of about 30%!

Is this correct?

Any comments on this?

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities