Pulcy Can You Please Explain What This MeansSun Metals to merge with Serengeti in an all-share transaction
• Sun Metals shareholders to receive 0.43x shares of Serengeti (on a pre-consolidation basis) per share of Sun Metals held
• Implied offer price of $0.13 based on the Exchange Ratio and Serengeti’s 20DVWAP of $0.31 on November 27, 2020
• Pro-Forma FDITM Ownership: 61.3% Serengeti Shareholders and 38.7% Sun Metals Shareholders