RE:RE:RE:The mergel doesn't make sense because of BRICS takeover linkthe dilution is 51.2M shares with CRK’s 476 million, and then consolidation 1 for 5 or 1/5 of outstanding shares or all of that to roughly 134 million shares when add in additional shares due to the so called premium price of 37 cents up to $20 million I believe.
The trick for Luxor and NGN is to get the merger done and a done deal before gold starts to pick up more appreciably by the fall of this year 2015.
From
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aCRK-2276699&symbol=CRK®ion=C
"Pursuant to the terms of the arrangement agreement, and assuming full proration of the Crocodile Gold's consideration, each Crocodile Gold shareholder will receive 1.088 NewCo shares and 4.2 Canadian cents in cash for each Crocodile share held and each Newmarket shareholder will receive one NewCo share for each Newmarket share held.
(But) All NewCo shares will be issued in the transaction on a notional 1:5 consolidated basis. All outstanding options, warrants, convertible debentures and performance share units of Crocodile Gold, and all outstanding options and warrants of Newmarket, will remain outstanding and will be adjusted to give effect to the transaction as appropriate in accordance with their respective terms or pursuant to the arrangement agreement."
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(Ending with), "Assuming full proration (proportional distribution), on completion of the transaction and private placement financing, it is anticipated that NewCo will have approximately 134 million NewCo shares issued and outstanding and approximately $40-million (Canadian) in cash on hand."