3 entities will be completely removed as shareholdersThe math here is 19.9% + 15.3 % = 35.2%, or the existing First Nation and the 2 corporate shareholders are all cashing out and that more of the pie will appreciaate to the current shareholders ... Total consideration will either be payment of (i) $7.3 million in cash and surrender of 31,015,206 (35.2%) of Flying Nickel Shares, or (ii) $8 million in cash and surrender of 17,561,862 (19.9%) of Flying Nickel Shares.
Norway House Cree Nations currently holds 17,561,862 (19.9%) Flying Nickel Shares, and collectively Blackstone Minerals Limited ("Blackstone") and Sparta AG ("Sparta") hold 13,453,344 (15.3%) Flying Nickel Shares.