Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Sokoman Minerals Corp V.SIC

Alternate Symbol(s):  SICNF

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. Its projects include Moosehead Gold, Fleur de Lys, Grey River Gold, Kepenkeck Gold, Killick Lithium, Crippleback Lake Gold, Startrek and Iron Horse. Moosehead Gold property includes 98 claims totaling 2,450 hectares adjacent to the Trans-Canada Highway in central Newfoundland. Fleur de Lys project of 1,891 claims on the Baie Verte Peninsula of NW. Grey River property in southern Newfoundland includes 324 claims in seven licenses, centered on the community of Grey River. Kepenkeck gold project, located in central Newfoundland. Killick Lithium Project is in southwestern Newfoundland. Crippleback Lake Gold Project is in proximity to the Trans-Canada Highway in north-central Newfoundland. Startrek Property is located 20 kilometers (km) east of the town of Gander, Newfoundland and Labrador, Canada. Iron Horse project is located over 120 km northeast of Labrador City, Labrador.


TSXV:SIC - Post by User

Comment by Makingmoney2011on Dec 03, 2024 6:35pm
71 Views
Post# 36344028

RE:RE:RE:How will spin out to Vinland Lithium work

RE:RE:RE:How will spin out to Vinland Lithium workI think you are misunderstanding the spin out. You keep all your Sokoman shares and you will receive 50 shares of Vinland Lithium for every 8000 shares of Sokoman you have in hand at a certain date. It is like receiving a dividend but in stock. Initially Vinland Lithium will only have 10 million shares which will be worth $1 per share on day 1. Piedmont will have 2 million shares, Bex 2 million shares, Bex shareholders will share 2 million shares, Sokoman 2 million shares and Sokoman shareholders will share 2 million shares. It is important to note that Eric Sprott shareholder of Sokoman with approximately 21% of the outstanding shares will receive approximately 376,000 shares of Vinland out of the 2 million shares reserved for shareholders. ES will also receive a large number of shares reserved for Bex shareholders since he also has a large stake in Bex. Moral of this story is that there will be very few shares outstanding and they could quickly increase in value if we take into account that Piedmont, Bex, Sokoman and Eric Sprott are keeping their shares, possibly 7 million shares out of 10 million in total. So the best advice I have for everyone: keep your Vinland Lithium shares for at least 1 year because there will be great things to come in the short term when drilling starts again on the Killick property.
<< Previous
Bullboard Posts
Next >>