GREY:PSLRF - Post by User
Comment by
uwinsomeon Jul 30, 2014 9:11pm
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Post# 22796651
RE:AMALGAMATION
RE:AMALGAMATIONForgive me if I'm wrong, but appears that PXL shareholders will receive about $.19 for each Palliser share of the new Maha Energy, based on the valuation as of today's date - $1.25 per share. Or about 15% of one Maha share for each PXL share.
Since this is a new comapny and very little is known about Maha or it's assets, who knows if this is a fair deal or not. At first glance, this seems like a crappy deal for Palliser shareholders. It doesn't appear that the current Maha has any production yet.
So who's to know???