OTCPK:BLILF - Post by User
Comment by
moorageon Aug 03, 2022 9:33am
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Post# 34867755
RE:Re: How many share ?
RE:Re: How many share ?
The merger of Bearing will be structured as a plan of arrangement whereby Bearing shareholders will receive 0.7 of an LPI share for every one Bearing share held (“Exchange Ratio”) (up to 94.5 million LPI shares) 1, and in addition Bearing shareholders will receive a cash distribution (by way of a capital return) estimated at C$0.02 per share....
...the value of the share consideration is C$0.293 per Bearing share, providing a total value of ~C$0.313 per share (including the capital return estimated at C$0.02 per share) – representing a 43% premium over Bearing’s 1-month VWAP price.
https://www.bearinglithium.com/2022/06/27/bearing-lithium-corp-announces-consolidation-with-lithium-power-international-limited/