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Prairie Provident Resources Inc T.PPR

Alternate Symbol(s):  PRPRF

Prairie Provident Resources Inc. is a Canada-based company engaged in the exploration and development of oil and natural gas properties in Alberta, including a position in the emerging Basal Quartz trend in the Michichi area of Central Alberta. The Company has 167,869 net acres in its Michichi core area with approximately 40 Basal Quartz potential drilling opportunities targeting light/medium oil. Its core areas also include Princess. The Company's subsidiaries include Prairie Provident Resources Canada Ltd., Lone Pine Resources Inc., Lone Pine Resources (Holdings) Inc., Arsenal Energy USA Inc. and Arsenal Energy Holding Ltd.


TSX:PPR - Post by User

Comment by SilverSamon Sep 21, 2024 8:19pm
75 Views
Post# 36235021

RE:The RS or consolidation.

RE:The RS or consolidation.If/when there is a share consolidation, it will take place AFTER the Rights Offering.  If/when it does occur, your shares will still have the same monetary value, you will just have less shares which will be worth more per share.

If you have a million shares and exercise your right to purchase the full .739474 per share, you will receive an extra 739,474 shares and it will cost you 0.025 cents/share ($$18,486.85 for every fully-exercised million shares you own).
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