GREY:AFRIF - Post by User
Post by
LTGoldBullon May 22, 2013 6:07am
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Post# 21425199
Formal Offer
Formal Offer Under the agreed terms, IMIC will offer for each share of Afferro:
- 80p in cash, plus
- a 2-year convertible loan note of with principal value of 40p.
This combination of cash and convertible loan notes, which values the current issued share capital of Afferro at approximately US$190 million, replaces the three options proposed in IMIC’s announcement dated 17 April 2013.
Cheers, Mark (80p x 1.55 = cad$1.24 cash + 40p 2 yr convertible note at 8%)