GREY:WFEMF - Post by User
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guest208on Jan 29, 2015 10:13pm
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Post# 23380434
Dundee and Almonty
Dundee and AlmontyDundee was part of the original listing placement. Excerpts from 2011-09-23
Private Placement
In connection with the Transaction, Almonty Sub completed a brokered private placement financing of approximately 17 million subscription receipts (the “Subscription Receipts”) for $1.00 per subscription receipt on August 26, 2011 through a syndicate of agents led by Cormark Securities Inc. and including Byron Capital Markets Ltd., Dundee Securities Limited and Macquarie Capital Markets Canada Ltd. (collectively, the “Agents”) for gross proceeds of approximately $17 million (the “Financing”).
· Investors participating in the Financing will own in the aggregate 16,963,840 representing approximately 45.8%
This merger was Dundee's plan all along. Regardless, and based on financials, Almonty management is where I want to put my money.
I'll be adding below .08c in the next 30 days. Might as well start a position in Almonty while I'm at it...numbers are impressive