ALX Resources Corp V.AL

Alternate Symbol(s): ALXEF

ALX Resources Corp. owns interests in a diverse portfolio of mineral properties and explores for nickel-copper-cobalt, uranium, and gold in Canada, and VMS in Scandinavia. The company executes programs using the latest technologies integrated with available historical data for maximum exploration value. Its projects include Falcon Nickel and Hook-Carter uranium in Saskatchewan, Vixen Gold in Ontario and Draco VMS in Norway

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ALX Resources Corp > This good for shareholders

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Comment by Troyhorseon Sep 05, 2024 12:36pm

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Post# 36210092

RE:RE:RE:RE:RE:This good for shareholders

Please explain this to me Hiram,
Or is my math wrong L

ALX has a float of 248.87 million shares and Greenridge 34.5 M shares
ALX shareholders are expected to receive 0.045 common shares of Greenridge per each ALX share.

SO this means Greenridge will end up with :

248.87 x .045 = 111.9 M share plus the actual float of Greenridge of 34 M share for a total of 145M shares? and as they are trading at CDN .80 = The new market capitalization for Greenridge is expected to be about $ 116 M?

Thanks

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