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Bellatrix Exploration Ltd (Canada) BXEFF

Energy
Bellatrix Exploration Ltd is a Canada-based oil and gas company, engaged in the exploration, acquisition, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. The Notikewin/Falher in Alberta's deep basin boasts abundant, liquids-rich natural gas with compelling economics. The Cardium is a highly e


GREY:BXEFF - Post by User

Bellatrix Exploration Ltd (Canada) > Just1Question
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Comment by Just1Questionon Mar 29, 2019 5:18pm
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Post# 29556615

RE:Just1Question

RE:Just1Question
Don2018 wrote: The key sentence is;

The existing shareholders, all 80 million of them, will hold 16.5% AFTER the recap.
Sorry.


I have asked Investor relations to clarify final shares, but under that scenario we would have:


80.91/.165 is 490.36M shares outstanding

Senior Unsecured getting 250.1M shares for $47.8M  or 19 cents per share
Convertible Debenture      159.4 M shares for $62.2M or 39 cents per share  
Average paid:                     409.5M shares for $110M or 27 cents per share

How does that look to you?
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