Royal Nickel Corp. RNKLF

RE:$RNX: Shares Westgold will receive and determined price

[ProfBaIthazar]

You pumpers from CEOdotCA and Rob from RNCMineralsdotCOM are full of SHlT! A non-refundable payment of $4M has been paid immediately. How many shares are given to Westgold? Plain and simple - give us the figures, MFs!

RNC will make a non-refundable option payment of A$4 million, payable immediately in RNC shares, for an exclusive 40-day period to complete due diligence. Closing would occur 30 days later if the Purchase Option is exercised. 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).

pierreg wrote:

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. »