GREY:BNCIF - Post by User
Post by
SailorFrankon Jun 29, 2017 3:37pm
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Post# 26421148
Just talked to Bruce Bragagnolo
Just talked to Bruce Bragagnolo
I just got off the phone with Bruce,
To make a long story short, the BNN interview may have caused some confusion but as per the news release "Under the terms of the Arrangement, CobalTech will receive 0.2632 of a First Cobalt common share for each CobalTech common share (a “CobalTech Share”), representing the equivalent of $0.20 per CobalTech Share".
He confirmed that the agreement is just that. The CSK / FCC deal is independent from the one with Cobalt one and the CSK / FCC deal may happen first. So bottom line CSK gets .2632 of FCC(only) when it resumes trading or $.20 based on closing price.
Frank