GREY:CHALF - Post by User
Comment by
PotStockeron Dec 01, 2015 3:34pm
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Post# 24344123
RE:RE:RE:RE:Dilution at 86c
RE:RE:RE:RE:Dilution at 86cRomanGod wrote: 4.75 / 5.5 = still the same just 86c share...
Better. Let me help you. You have another mistake. See it now? Below.
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).