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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks.


TSX:ATH - Post by User

Comment by Chris007on Oct 07, 2021 9:37pm
380 Views
Post# 33987084

RE:Second Thoughts

RE:Second ThoughtsMath checks out

$1.8 Price Scenario (assuming all warrant holders exercise at same time)
(227 shares x 350,000) = 79,450,000
(1.8 - 0.9441) x 79,450,000/ 1.8 =37,778,475
37,778,475/530,675,391= 7.12% dilution
 
$9.4 Price Scenario (assuming all warrant holders exercise at same time)
(227 x 350,000) = 79,450,000
(9.4 - 0.9441) x 79,450,000 / 9.4 = 71,470,346
71,470,346/530,675,391 = 13.47% Dilution
 
 


ManitobaCanuck wrote: Apparently the dilution is cashless exercise of warrants .
FOR EXAMPLE 
if the holder is exercising 100,000 Warrants with a per Warrant exercise price of $0.94 per share through a cashless exercise when the Common Stock's current Market Price per share is $1.88  per share, then upon such Cashless Exercise the holder will receive 50000 shares of Common Stock. 

If Athabasca Oil goes to 1.8$ then dilution is 7.5%
If Athabasca Oil goes to 9.4$ then dilution is 13.5% 
Please correct my math here .
In short the lenders have taken thier pound of flesh , but atleast some is left on the table for other shareholders .


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