RE:RE:Serious investors I3 energy trade at 6p. If Toscana shareholders accept the deal i3e will have the listing they require on the tsx ( this is the main reason for doing this) i3e will be back at 50p by the start of next year when they drill on their licenses and add more wells to the Clearwater acreage here. With shareholders here swapping their Toscana shares for around 7p they will could increase their investment by around 7 times.
a much better prospect being part of a bigger more successful company then Toscana struggling.
remember 10% of a big project is worth a lot more than 100% of nothing!!