EXPM:JNEXF - Post by User
Post by
vlad2bon Jun 12, 2018 7:35am
151 Views
Post# 28158310
Please comment
Please commentHi, All: The following is a cut and paste from the news release. As I understand it, we are undergoing a name change an a share consolidation. Let’s hope the new share price holds.
Vlad
The Arrangement steps will result in the combination of Cuda and Junex under the new name Cuda Oil and Gas Inc. ("New Cuda"). Based on a ratio of 55:45 between the existing shareholders of Junex and Cuda, respectively, each Cuda shareholder will receive 3.5856 common shares and 0.4167 of an arrangement warrant of New Cuda for each Cuda share held resulting in the issuance of approximately 86.0 million common shares and 10.0 million arrangement warrants to Cuda shareholders on a pre consolidation basis. In connection with the Arrangement New Cuda shall complete a 10 for 1 share consolidation.