RE:Confirm my view of the new Equity Financing
"The Subscription Receipts are being concurrently sold in two tranches. The first tranche of Subscription Receipts will be issued at a price of C$2.00 per Subscription Receipt for gross proceeds of C$5,000,000 and the second tranche of Subscription Receipts will be issued at the higher price of C$3.50 per Subscription Receipt (the "FT Price") and will be exchanged for Fury Gold shares".
What i understand (if i am wrong please comment) :
C$5,000,000 at C$2.00
C$17,500,000 at C$3.50
So that means to the mean the subscription is done at C$3.16
=> C$3.16 * 0.117 = 0.37 C$ for eastmain ?