GREY:RNKLF - Post by User
Post by
pierregon Apr 02, 2019 6:54am
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Post# 29568011
$RNX: Shares Westgold will receive and determined price
$RNX: Shares Westgold will receive and determined price Insightful post by @iamafunguy on CEO.ca April 1st 2019 about how many shares will Westgold receive? How was or is the share price determined?
«I sent the following email to IR Rob B: Please issue a news release to clarify this statement in your press release. "On closing, RNC would pay a further A$21 million in RNC shares and A$25 million in cash for total consideration of A$50 million (including the A$4 million deposit satisfied in RNC shares)."How many shares will Westgold recieve? In other words, A$21 million is equal to ? RNC shares. How was or is the share price determined? His reply: The number of shares issued and issuable is based on the 10-day VWAP share price and C$/A$ exchange rate on the date of the agreement (in the case of the Purchase Option Agreement) and, if the option is exercised, the share price and exchange rates on the date the option is executed. »