Post by
Red_Deer on Sep 07, 2018 12:27am
DTraders..............this BUD's for YOU..........!!!!!!!!!!
DTraders__Now that you are OUT of the GAME__taking your Huge DLI Losses and Vowing NEVER EVER Again to be suckered into any Penny Pony MINING Venture__I can NOW show YOU what I have known since DAY ONE.
I have kept this to myself all these months as I LOL @ all the theories YOU kept Posting regarding the likely source of ALL those ANONYMOUS Shares__YOU covered EVERY possible scenario__all along IGNORING what I kept suggesting__that the Constant Dumping of shares was likely the Pre RTO Desert Lion shareholders.
And the reason I kept Posting it Had to Be these Desert Lion Insiders DUMPING was because THEY were the ONLY ones with enough Ultra Cheap shares to keep DUMPING Millions @ whatever price they could get.
And the way I KNEW this was Very Simple__I had Actually READ the RTO Information Circular which clearly showed that the Pre RTO Desert Lion shareholders ended up with a WHOPPING 97% of the Post RTO DLI shares upon these shares beginning to trade.
But YOU jumped at the chance to start Buying tons of THEIR Shares @ well over $2__and kept averaging Down, and Down, and Down__having convinced yourself that DLI was GOING to BE another HUGE Lithium Winner for you just like LIX was eh!__nicely confirmed by the $1.82 Desert Lion Private Placement at the tlime of the RTO eh!!!__that sure suckered a lot of traders eh!!!
DTraders__for somebody claiming to have about 2 decades of trading experience I just find it VERY HARD to understand HOW it was that you apparently did NOT bother reading the following__and TONS of other VERY Relevant INFO__in the RTO Information Circular???!!!!
So now here we are finally trading @ the lowest cost base of those Pre RTO Desert Lion Insiders who for MONTHS now have been DUMPING @ MUCH, MUCH Higher prices ever since DLI began trading.
Desert Lion Financings
On September 22, 2016, Desert Lion issued 6,250,000 Desert Lion Shares at a price of $0.05 per share for gross proceeds of $312,500. In connection with the financing, Desert Lion granted 500,000 Desert Lion Broker Warrants to certain finders. The proceeds of this financing were to be used to conduct initial due diligence on the Desert Lion Project.
Following execution of a letter of intent for the acquisition of Desert Lion Namibia and the Desert Lion Project, on October 5, 6 and 21, 2016, Desert Lion issued an aggregate of 13,000,000 Desert Lion Shares at a price of $0.20 per share for gross proceeds of $2,600,000. Desert Lion paid a cash fee of $228,150 and issued an aggregate of 1,040,000 Desert Lion Broker Warrants to certain finders in connection with these financings.
Following execution of the Share Purchase Agreement, on December 8, 2016, Desert Lion issued 500,000 common shares at a price of $0.50 per share for gross proceeds of $250,000.
On March 20 and 28, 2017, Desert Lion issued an aggregate of 7,197,915 Desert Lion Preferred Shares at a price of $0.50 per share for gross proceeds of $3,598,957.50 (the “Preferred Share Offering”). On closing of the Acquisition, each Desert Lion Preferred Share automatically converted, without payment of any additional consideration and without any further action on the part of the holder thereof, into one Desert Lion Share.
Camex/Desert Lion RTO
Upon completion of the Business Combination, Camex will have approximately 46,306,497 New Camex Shares issued and outstanding (after giving effect to the Consolidation and the conversion of the Subscription Receipts) on an undiluted basis, approximately 44,658,497 New Camex Shares to be held by former Desert Lion Shareholders and approximately 1,648,000 New Camex Shares to be held by former Camex Shareholders, which represents ownership of the Resulting Issuer of approximately 96.5% by former Desert Lion Shareholders and
approximately 3.5% by former Camex Shareholders on an undiluted basis.
If all of the Camex Options, Camex Replacement Options (issued upon exchange of the Desert Lion Options), Desert Lion Unit Warrants, Desert Lion SR Warrants, Desert Lion Broker Warrants, Desert Lion Compensation Options and and Desert Lion Compensation Warrants were exercised, upon completion of the Business Combination, Camex would have approximately 58,313,501 issued and outstanding New Camex Shares (after giving effect to the Consolidation and the conversion of the Subscription Receipts), approximately 56,553,243
New Camex Shares to be held by former Desert Lion Shareholders and approximately 1,760,258 New Camex Shares to be held by former Camex Shareholders which represents ownership of the Resulting Issuer of approximately 97% by former Desert Lion Shareholders and approximately 3% by former Camex Shareholders. As a result of the Business Combination, 11,894,745 New Camex Shares will be reserved for issuance to holders of
Camex Replacement Options, Desert Lion Unit Warrants, Desert Lion SR Warrants, Desert Lion Broker Warrants, Desert Lion Compensation Options and Desert Lion Compensation Warrants.