Bearing Lithium Corp BLILF

A significant ( positive ) change for all BRZ shareholders.

[moorage]

What strikes me is

that LPI's recent private placement increased the number of LPI shares by 44,000,000 shares, or around 12%.

LPI's 57.7% stake in the - in some weeks - new LPI company will be retained.

In my opinion, the number of (new) LPI shares to be issued to BRZ shareholders should also be 12% higher to represent BRZ's 15.6 share in the new LPI company.

The old relationship :
for 1 BRZ shares there are 0.7 LPI shares

would therefore have to be adjusted by 12%: for 1 BRZ share there would then be 0.784 LPI shares.

If this calculation is correct, it will be a significant ( positive ) change for all BRZ shareholders.

Figures from 06/22/2002 ( before the LPI placement ):

Maximum Number of Shares Issued
% Interest in Proforma LPI

LPI Current Ordinary Shareholders
349.1m = 57.7%
SBD LPI Shares
161.6m = 26.7%
Bearing Shareholders
94.523 = 15.6%
Total LPI Ordinary Shares Outstanding
605.2m = 100%

https://hotcopper.com.au/threads/ann-lpi-to-consolidate-100-ownership-of-maricunga-project.6805978/