Somebody help me here ....
This early in the exploration phase of the best discovery in the Athabasca since ISO, in the middle of the second round of drilling, with a cashed up bankroll, FUU gives DML a conversiuon option for 0.56 on a 15M debenture. Additionally, should Dev's prediction that FUU would be taken out by the end of the year prove to be true, DML pockets the 15M plus the interest that would normally accumulate after 3 years, which I put at ~3M. Why?
"Further, in the event of an F3 change of control transaction, F3 may redeem the Debentures at par plus accrued and unpaid interest plus an amount equal to the greater of (i) 15% of the principal amount and (ii) the amount of remaining unpaid Interest that would be payable during the initial three year term of the Debentures".