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Atlas Salt Inc V.SALT

Alternate Symbol(s):  REMRF

Atlas Salt Inc. is a Canada-based mineral exploration company. The Company is engaged in the evaluation, exploration, development and production of industrial mineral properties in Newfoundland and Labrador. The Company’s principal asset is the Great Atlantic salt deposit project (Great Atlantic Salt Project), located in the St. George Basin of western Newfoundland. Its Gypsum Project is three kilometers (km) southwest of Great Atlantic salt deposit, which is an early-stage and open-pit production from the Ace deposit. Its Nepheline Syenite Property consists of a surface occurrence of nepheline syenite along the southern Labrador highway. The project is located approximately six km from tide water.


TSXV:SALT - Post by User

Comment by Zephyron May 31, 2023 2:02pm
296 Views
Post# 35473068

RE:There should be close to 75,000,000 shares of TPR

RE:There should be close to 75,000,000 shares of TPRThe total o/s shares of TPR @ March 31, 2023 was 101,454,310. If you add in the o/s options it was 108,154,310. Atlas owns 22.6% of the current fully-diluted number (27,452,974). So, pre-tax distribution of $500M would be about $113 million.

The 51,200,000 shares you reference includes those that were spun out to SALT shareholders as dividend in kind. So, that makes the split 27,452,974 / 23,747,026 TPR shares owned by Atlas & Atlas shareholders, respectively.

The remaining shares above the 51,200,000 were founders shares issues @ 2 cents and the various private placements issued at 5 - 20 cents since last September.
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