RE:Confirm my view of the new Equity FinancingThat's the flow through portion, significant tax advantages so try the $ 2.00 portion of the financing.
$ 2.00 x 0.117 = .234
Oh snap !
Those ER shareholders are pretty smart but no windfall for them either unfortuneately.
If the $ 2.00 price can hold up after the dust settles then their stock will be worth the equivalent of .234 per share while the AUG guys will be worth $ 1.58
So if you've got 10,000 AUG now you'll receive 7000 Fury which should be worth $ 1.58
Or put another way, your current $ 25,000 ( if you bought it that cheap ) will turn into $ 11,060 and you just have to hope like hell everything works out with your private investment in Peruvian moose pasture.
Wolfrules wrote: C$3.50 per Subscription Receipt for the Fury Gold common shares
Eastmain shareholders as of the closing date of the Transaction will be entitled to receive approximately 0.117 of a Fury Gold share
3.50 x 0.117 = 0.4095
This new subcription value the ER shares to 0,4095 ?
Thank