RE: Final Share Conversion ... kilborn“Arapahoe - Post transaction issued shares 37,838,253 ……Fully diluted 46,124,423
If you divide present BKL shares outstanding (approx. 29 million) by two and add existing Arapahoe shares (approx 10 million), there seems to be a significant +/- 10 million or so deficit.
What the heck am I missing ... could they be planning on floating an additional 10 million or so in a private placement prior to closing, or they plan a two for one split prior to closing ?”
here is the info you need
Schedule “E” of the AMALGAMATION AGREEMENT dated Aug 9 shows the share struture
ARAPAHOE
Issued as of dec 31 2004…………………………9,813,714
Issued to Quest Capital …………………………..1,181,000
Issued common shares (2005 pp)………………..2,500,000
Issued flo thru shares (2005 pp)…….……………8,823,225
Issued for debt…………………………………….….389,910
Total ……………………………………...........……..……..22,707.849
BANKS
Issued ……………28,644,682 DIV BY 2 ……............. 14,322,341
Tenax obligation….1,616,125 DIV BY 2 ….........……… 808,063
GRAND TOTAL ISSUED AND OUTSTANDING AFTER MERGER 37,838,253
Now add in the warrants and options using the same formula and you get 46,124,423 Fully Diluted shares
Hope this helps
Later