TSXV:RABI.H - Post by User
Post by
Loonyon Mar 23, 2024 11:11pm
177 Views
Post# 35949235
557k(Ask) $2,785 Rabi Shares worth $26,203...Soon?
557k(Ask) $2,785 Rabi Shares worth $26,203...Soon?$2785= 557k
The proposed transaction will be structured in a manner most efficient and effective to result in Adrabbit, directly or indirectly, acquiring the PlayUp assets. The final structure for the proposed transaction is subject to satisfactory tax, corporate and securities law advice for both Adrabbit and PlayUp. Trading in the shares of Adrabbit is expected to remain halted until Adrabbit meets exchange requirements for the resumption of trading.
As consideration for the PlayUp assets and subject to customary adjustments, including a proposed one-new-for-7.44-old consolidation of the issued and outstanding common shares of Adrabbit (the resulting issuer shares), PlayUp will receive 100 million common shares of Adrabbit at an aggregate deemed issue price of $35-million or 35 cents per common share
557k/7.44= 74,865×0.35= $26,203