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Banca I.F.I.S Spa BNCIF

Banca Ifis is an independent banking group specializing in the collection of trade receivables, non-performing loans, and tax receivables. The group's credit is exposed mostly to Italy and other European nations. Its trade receivables segment focuses on growing trade finance loans and providing liquidity to Italian small and medium-sized enterprises. Approximately one-third of its loan portfolio is from government and public administration, whereas two-thirds are from the private sector. The gro


GREY:BNCIF - Post by User

Post by 17Diggeron Jun 23, 2017 10:23am
152 Views
Post# 26397304

Possible CSK share price => .30

Possible CSK share price => .30If you remember that all those warrants are exercisable at 30 cents then you see why that, or more, has to be the CSK takeout price. Otherwise too many unhappy shareholders will vote against any deal.

Here is the info from their December 2016 press release:

Vancouver, B.C., December 23, 2016 – COBALTTECH MINING INC. (TSX-V: CSK) (the Company or CobalTech”), is pleased to announce that it has closed its previously announced non-brokered private placement offering (the “Offering”) (see press releases of November 16, 2016 and December 19, 2016) for gross proceeds of $2,920,000 through the sale of 14,600,000 units (the “Units”) at a price of $0.20 per Unit. Each Unit is comprised of one common share in the capital of the Company (a “Share”) and one-half of one common share purchase warrant (a “Warrant’).  Each whole Warrant is exercisable at a price of $0.30 until December 23, 2017, subject to an early acceleration provision which provides for the mandatory exercise or expiry of the Warrants in the event that the Company’s shares close at $0.40 or higher for at least 10 consecutive trading days.  In such event, the Warrants will accelerate and expire 30 days after the Company has given notice of the accelerated conversion to the holders of Warrants.

In connection with the Offering, the Company paid eligible finders a cash commission of $233,600, being 8% of the gross proceeds raised, and issued 1,168,000 non-transferable finders warrants (a “Finders Warrant”), being 8% of the number of Units sold. Each Finders Warrant entitles the holder to acquire one Share at an exercise price of $0.30 per Share until December 23, 2017.

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