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Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P


OTCPK:ARNBF - Post by User

Arcan Resources Ltd > What about this?
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Comment by teeveeon Jun 30, 2014 3:57pm
204 Views
Post# 22706539

RE:RE:RE:What about this?

RE:RE:RE:What about this?The conversion price on the debentures is $9.00 which means debenture holders won't convert. The company can't redeem the debentures so all they could do is offer shares around market price. Debenture holders would probably vote in favor, but   shareholders (especially CPG and LTS) would get to vote on this and would likely vote against being diluted so heavily. 
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