GREY:PSLRF - Post by User
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8675309Jennyon Jul 31, 2014 2:15pm
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Post# 22799496
Maha is connected to very big and deep pockets
Maha is connected to very big and deep pockets
IMO, the most amazing part of this deal, is that they must raise a total of 70M dollars (USD) by the end of October. There isn't anyone that would agree to such a deal, without the knowledge they can do this. So this company has raised 10m already, and must do another 70M. To do so, IMO, they are going to run this stock up substantially, for pricing of these offerings. its a fascinating deal, never seen one like it. and note ... they are not paying out options, but converting them, which is alsCompletion of the amalgamation is conditional on customary closing conditions and is subject to conditions precedent with respect to net indebtedness and transaction costs of Palliser at closing. In addition, it is a condition to the completion of the amalgamation that Maha must complete bond and/or equity financings for combined total gross proceeds of not less than $70-million (U.S.) prior to Oct. 31, 2014. The bond financing is expected to be completed in the Nordic market. The proceeds from the financings will be used to refinance Palliser's current credit facilities and assist in the financing of New Maha's go-forward capital program. Upon completion of the amalgamation, New Maha anticipates it will enhance shareholder liquidity by applying for a secondary listing in Sweden on the Nasdaq OMX First North Stock Exchange for New Maha shareso very unusual.............