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Lightstream Resources Ltd. LSTMF

"Lightstream Resources Ltd is engaged in the exploration and development of oil and natural gas in Western Canada. Its operating areas include Southeastern Saskatchewan, Central Alberta, and North-Central Alberta."


GREY:LSTMF - Post by User

Post by Pancho2on Jun 13, 2017 2:11pm
429 Views
Post# 26357588

OldFart will get nothing for his 50 shares

OldFart will get nothing for his 50 shares The Recapitalization will result in the current holders of Common Shares holding approximately 2.25% of the estimated 100,000,000 New Common Shares of the Company anticipated to be outstanding after giving effect to the Recapitalization, plus approximately 7,750,000 Series 2 Warrants. Additionally, as a result of the approximately 88.29:1 (approximately 92:1 on a fully-diluted basis) Common Share Consolidation forming part of the Arrangement and the rounding down of fractional Common Shares and New Common Shares pursuant to the Arrangement, an existing holder of 89 (92 on a fully-diluted basis) or fewer Common Shares will no longer hold Common Shares, or any New Common Shares or New Series 2 Warrants, following completion of the Recapitalization and will not receive any consideration therefor.
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