Prairie Provident Resources Inc T.PPR

Reminder - PPR issued 38 mil shares for Marquee acq.

[filefish]

A little historical reminder:
Prairie Provident acquired all of the outstanding Marquee shares on a share exchange basis, with Marquee shareholders receiving an aggregate of 38,609,416 common shares based on an exchange ratio of 0.0886 common shares of the Company for each Marquee share held.
In effect Goldman cancellation more than offsets shares issued to acquire Marquee. Net effect was assumption of 39 mil of their debt.
  

[Justhalffull]

Have to disagree.  The cancelled shares were replaced with 34 million 2 cent warrants.  Nearly 20% dilution of remaining common shares.  We do not know how much the Lone Pine shareholders paid for the shares that they got converted to 44 million PPR shares, but we do know that Ppr shares were worth 1.00 a share when the merger was completed on Sep 21 2016.  Cancelling the 44