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Western Magnesium Corp V.WMG.H

Alternate Symbol(s):  MLYF

Western Magnesium Corporation is a producer of green primary magnesium metal. The Company is focused on plant operations and magnesium production. It uses a continuous silicothermic process to produce magnesium with low labor and energy costs while generating minimal waste and toxic by-products. The Company's technology eliminates inefficiencies and allows for a continuous, mass production of magnesium. Its magnesium is used for technological advancement opportunities for American industries including auto, airline, aerospace, and protecting national security interests with the department of defense.


TSXV:WMG.H - Post by User

Comment by PapaJay10000000on Feb 14, 2022 1:37pm
74 Views
Post# 34426913

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Awesome Zoom meeting

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Awesome Zoom meeting

Help me understand this Ex and Probey... (Only asking Probey cause I hear he's a teacher)

Does this mean someone(s) will have the option to buy 6,554,172 shares at 13 cents on March 24 ($852,042.36) 

And sell them at market right after if they choose to? (40 cents = $2,621,668.80) making them $1.77 Million richer? (If market price stays at 40 cents)

Doesn't this mean there are going to be 6,554,172 extra shares registered against the company thus meaning every share currently held by investors would theoretically be worth LESS if the Market Cap (which should refelct the companies true market value) stays the same?

Who's entitled to those 13 cent shares? Can I have some? 

Not bashin' just asking how this works and asking you guys to correct me if im wrong about this.

 

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