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Alexandria Minerals Corp ALXDF

Alexandria Minerals Corp is a Canadian based gold exploration and development company. Its project consists of Orenada, Akasaba, Sleepy, Manitoba and Ontario properties together with the Other Quebec properties. It is mainly focused on exploring the cadillac break property which is located in Val-d'Or, Quebec. The cadillac break property consists of approximately 21 contiguous projects of over 460 claims, located in Bourlamaque, Louvincourt and Vaquelin Townships. The manitoba properties include


GREY:ALXDF - Post by User

Comment by LRGreturns4meon May 24, 2018 7:15am
107 Views
Post# 28073730

RE:Hypothetically speaking

RE:Hypothetically speakingHello cruisemissle; Take a look back at mid December when it is now assumed that a proposed Plan of Arrangement led to the announcement of a Special Committee. 

On 12/14/2017 PRB closed at $1.36 and AZX closed at .06. Let us assume the offer included a 100% premium to the VWAP at the time of offer so let's (for this purpose) say the offer was .12 share with a Spinco of the non-Quebec properties valued at .01/share.

Under a Plan of Arrangement and AZX shareholder would receive 1 PRB share for each 11.33 shares of AZX plus 1 share of the Spinco for each AZX share valued at .01 or a 1 for 10 on the Spinco valued at .10 share.

I have no reason to believe this was the offer on the table, but chose a date in time (Special Committee NR) and the actual data on the SP at the time.

This is only my guess. Best of Luck.

LRG


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