GREY:RNKLF - Post by User
Post by
pierregon Apr 07, 2019 3:14pm
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Post# 29593951
RNX:Shares outstanding if and when,purchase agreement signed
RNX:Shares outstanding if and when,purchase agreement signed Shares outstanding as per the RNX Short Form Prospectus April 1st 2019 and if and when, the purchase agreement option is exercised. Is the ProfBaIthazar correct?
«503,921,478 assuming full exercise of the Over Allotment Option.
In the event that the Company exercises the Higginsville Purchase Option, such decision expected to be made by the Company by May 7, 2019.
To a portion of the A$25 million cash component of the Higginsville purchase price 10 M$ CAD»
@lexcon wrote on April 2nd «The prospectus shows $10m (cad) of the PP deal earmarked for the purchase of the mill if option is exercised, so that implies they expect to be able to fund the remaining $15m AUD of the cash portion from the mine/milling production in the 70 day window. » If so, 25 M$ AUD in cash will be fulfilled.
Remaining 21 M$ worth of RNX shares at minimum price of $0.49 per share = $19,900,451 CAD or 40,613,165 shares
503,921,478 shares + 40,613,165 = 544,534,643 shares
I thus contend that ProfBaIthazar and his projection on April 1st 2019 are erroneous:
«512,200,000 (Fully deluted shares - see CANTOR Fitzgerald coverage)
24,490,000 (The latest BDF)
3,673,500 (Over-allotment)
48,500,000 (Payble in shares to Westgold)
48,500,000 (AUD $25M in cash [1share = .49 CAD]) ============= 637,363,500 »