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LGX Oil + Gas Inc ROAOF

Energy Oil & Gas E&P
LGX Oil & Gas Inc is a junior oil and gas company. The company is engaged in the acquisition, exploration, development, and production of oil and gas properties. Its projects are in Southern Alberta. The company invests in all types of energy business-related assets, including petroleum and natural gas-related assets, gathering, processing, and transportation assets located in Western Canada. LGX is dedicated to delivering growth in reserves and production for its investors through land acquisition, exploration, and development of oil and natural gas resources.


GREY:ROAOF - Post by User

LGX Oil + Gas Inc
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Comment by Kel2on Apr 18, 2004 12:24pm
246 Views
Post# 7369664

RE: Just a thought

RE: Just a thoughtNO need to bring stock price down. Price of PP was announced and had price protection at 2.02. Was based on market price of 2.38. Issue can be priced at 15% discount to market and the warrants which are attached to the Special Warrant are then exercisable at the market price of 2.38. Once the PP was announced the stock could have moved up and it wouldn't have changed the pricing at all.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities