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ENERGIZER RESOURCES INC T.EGZ

"Energizer Resources Inc is an exploration stage company. It is engaged in the advancement of the Molo Graphite Project, consisting of a commercially minable graphite deposit situated in the African country of Madagascar."


TSX:EGZ - Post by User

Post by Northendguyon Nov 02, 2016 11:27pm
228 Views
Post# 25419231

Reverse split

Reverse splitWith the forecasted off take agreement potentially coming up this month, won't this give them the flexibility to get additionally funding quickly for developing the mine? Since they are capped at offering 640m shares, and 461m shares are already outstanding, this would give them that additional flexibility if they should need it. The proposal to do a reverse split affects all shares, options, and warrants, so there is no preferential insider treatment. What are your thoughts?
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