Chalice Brands Ltd CHALF

RE:Dilution at 86c

[PotStocker]

RomanGod wrote: Funny no one bothered to mention this buried at the end of financial statement filled on SEDAR 

21. Subsequent events

The company entered into a subscription agreement with a private investor (“Purchaser”) that fully consummated on October 6, 2015. The agreement, which was subject to Purchaser's appointment to serve as a member of the Company's Board of Directors, allowed for the Purchaser to subscribe as follows: 1,000,000 Common Shares for aggregate consideration of $1,000,000 (funding as of “closing date”); at “closing”, the Company then issued three separate warrants for 1,000,000 “units”, each purchasable at an exercise price $1.00. Each “Unit” is comprised of one Common Share and one half of one common share purchase warrant (which will entitle the holder thereof to acquire one Common Share (a “Warrant Share”) at a price of USD $.50 per Share for each of two Units). The aggregate exercisable Warrant Shares amounts to 4,500,000 shares (3,000,000 shares at $1.00 and 1,500,000 shares at $0.50).

So if all Wts. converted, GLH gets 4.5M for 5.5M shares = 0.863 c / share 

Expect more of the same soon as balance sheet is weak. Only 3.6M btw cash (Accounting for this last placement 1M netted so far) and receivables and close to 5M in current liabilities. 

Your calculation is wrong. Your math must have been taught by your English teacher. LOL