Hana Mining Ltd HNMFF

Hana Mining Ltd. Announces Proposed Closing of Arr

[straghunter]

https://www.theglobeandmail.com/globe-investor/news-sources/?date=20101118&archive=ccnm&slug=201011180653932001

Does this mean existing shareholders on November 26 will receive an additional share for every four they already own? Please excuse my lack of knowledge over these matters.

Will this lower the share price?

Thanks.

[straghunter]

I spoke with my advisor, what i have been told is that we will in fact be given an extra share for each four currently held. The share will be paid out at market value, however, this may lead to some dilution in the share price.