RE:RE:RE:Gap Up tomorrow?FD market cap is actually around ~$260M. Still huge for a company with no assets and 25M in cash. Pretty wild.
Elkwater consists of approximately 170 boepd of production (approximately 50% oil and NGLs) in eastern Alberta and western Saskatchewan and has approximately 19.1 million Common Shares outstanding on a fully diluted basis and current combined working capital deficiency and long term debt of approximately $4.0 million, excluding the costs of the Transaction. Upon completion of the Private Placement and assuming the exercise of all Rights issued in connection with the Rights Offering, Elkwater will have approximately 269.1 million Common Shares, and assuming the exercise of all Warrants issued in connection with the Private Placement, there will be approximately 329.1 million Common Shares outstanding on a fully diluted basis.