RE:RE:Let's put those 16,000,000 shares to rest.Dabard51
If you look at any news releases where MPV or MPVD now have rasied funds through private placements, or through rigths offering Botin or Dermot Desmond same thing, always participated in a big way and picked up their shares that way. Also in the rights offerings Botin always guarenteed the transactions and got an additional bonus of 3% of value of each offering either in cash or shares. They always took shares. Here is an example from a rights offering back in 2015.
The Rights are expected to be listed and posted for trading on the TSX under the symbol "MPV.RT" commencing on February 25, 2015 and to remain listed and posted for trading until 12:00 p.m. (Toronto time) on the Expiry Date. Rights not exercised on or before 5:00 p.m. (Toronto time) on the Expiry Date will be void and have no value. www.mountainprovince.com
Pursuant to the Standby Agreement, Mr. Desmond has committed to subscribe for any Common Shares not otherwise subscribed for by Rights holders under the Offering. As compensation for performing his obligations under the Standby Agreement, the Company will pay to Mr. Desmond a fee equal to 3.0% of the aggregate subscription price to be paid for the 23,761,783 Common Shares to be issued under the Offering, which fee may be paid by the Company to Mr. Desmond in cash or, if agreed to by the Company and Mr. Desmond, and subject to TSX approval and the approval of shareholders of the Company, in Common Shares