Bridgeport Ventures Inc T.BPV

Premier Royalty Shares

[scissors14]

I would like clarification on BPV conversion of shares to Premier as stated in a previous post here:

- 4 BPV shares = 1 Premier share

- warrants under the same terms as the existing BPV warrants except a 2016 expiry date (2 years longer than the current BPV warrants) accompany the the Premier shares (2 warrants for every 3 shares?) upon conversion?

- so the argument is the new Premier warrants would be preferable to the current BPV warrants because of the extra two years for conversion meaning it's better to hold BPV common now because longer term warrants arrive with the Premier shares when BPV common shares are converted to Premier

Have I got this story straight?

[unlimited_aw]

No scissors, you do not have it straight. For each 4 Bridgeport shares you will get 1 Premier Royalty share and 3/8 of a new warrant. 32 Bridgeport shares will give you 8 Premier Royalty shares and 3 warrants. There will be two type of warrants: The current Bridgeport warrants, lets call them the A-warrants, which will be converted together with the shares. You will need 4 A-warrants to get one

[scissors14]

Got it, thanks. Pursuant to the Transaction, Bridgeport will issue shares to Premier Gold in such amount as is equal to 60% of the issued and outstanding shares of Bridgeport (prior to giving effect to any convertible securities or instruments). Bridgeport will also issue warrants to its existing shareholders on the basis of 0.375 of a warrant for each common share of Bridgeport held by such