Western Resources Corp T.WRX

Alternate Symbol(s): WTRNF

Chemicals Basic Materials

Western Resources Corp. is a resource company. The Company is mainly focused on the development of its Milestone potash project (the Milestone Project) in Canada owned by its subsidiary, Western Potash Corp. (Western Potash). The Company owns a 100% interest in the Milestone Project located in the province of Saskatchewan under various property leases. The Milestone Project includes approximately 84,557 acres of Crown held mineral leases and 65,305 acres of acquired freehold leases. The Company is constructing Phase I of the Milestone Project. The Company also invested in real estate development projects in the Greater Vancouver Area through limited partnerships. The Company completed the drilling of 11 potash exploration wells on project property, completed several hundred-line kilometers of 2D seismic study, and conducted a 3D seismic study during the project exploration program. The Company has no mineral production that yields any revenue.

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Western Resources Corp

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Comment by Maxime94on Mar 07, 2019 10:20pm

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Post# 29459184

RE:RE:RE:RE:Dilution

I think it is a cheap way for big shareholders to gain a bigger % of the total shares.
Taking in hypothesis that a lot of people won't use their right to buy at 0.12.
If you are a big share holder and have 20 millions shares /100 before the dillution and you exercice all your rights.

U may end up with 40 millions shares on a total of maybe 160 million shares after the dillution.
If only 60 % of rights are exercised.

So, a cheap with to go from 20 % to 25 % of the shares. With a small price.
Instead of buying at a high price on the sock market, (price would go up because there is no volume) .
My opinion

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