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Renegade Petroleum Ltd V.RPL



TSXV:RPL - Post by User

Post by rico91on Feb 16, 2014 11:20am
253 Views
Post# 22215474

We will own 65% of Spartan

We will own 65% of SpartanCurrently, there are 204 million shares of RPL and 253 million ALX excluding any warrants or options for either company. Alx is offering 2.25 shares for each RPL which is 459 million Alx for a total of 712 million ALX preconsolidation. Therefore we RPL shareholders will own 65% of the new company and Alx is of course assuming our debt We also get back he properties that we just sold to Alx plus the cash that they have on hand, if any. So now we will own about 65% of Spartan will more properties and less debt than we currently have PLUS we will now be lead by a competent and proven management team !! So far I like the idea !! Rico
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