RE:What's the deal."......In conjunction with the Amalgamation, a new strategic investor group is proposing to undertake a concurrent non-brokered private placement into Perisson for gross proceeds of a minimum of USD$24 million at a weighted average subscription price of CDN$0.40 per share for the purposes of the Amalgamation as well as other oil and gas related strategic acquisitions..."
so some party with millions to burn in the pocket belives that shares of FEN & POG are valued at minimum C$0.40....market is pricing today POG at ask C$0.20 and FEN at ask $0.27....strange investing world...can somebody with some insight comment on this tranasaction