TSXV:CYX.H - Post by User
Comment by
LandyJon Nov 07, 2019 1:02pm
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Post# 30322358
RE:Private Placement
RE:Private PlacementThe cost of each share in the placement is $.066667.
An example: you decide to participate and subscribe for 10000 shares at .05 = $500
That also gives you 10000 warrants exercisable for 5000 shares at .10. When(if) exercised, that's another $500.
The participants will end up with a total 15,000 shares at a total cost of $1,000 = .066667/share.
I rounded up to give the participants a $50 return on their investment.