Bullboard - Stock Discussion Forum Prairie Provident Resources Inc T.PPR

Alternate Symbol(s): PRPRF

Energy Oil & Gas E&P

Prairie Provident Resources Inc. is a Canada-based company engaged in the exploration and development of oil and natural gas properties in Alberta, including a position in the emerging Basal Quartz trend in the Michichi area of Central Alberta. The Company has 167,869 net acres in its Michichi core area with approximately 40 Basal Quartz potential drilling opportunities targeting light/medium... see more

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Prairie Provident Resources Inc > The RS or consolidation.

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Post by rickflair on Sep 21, 2024 3:09pm

The RS or consolidation.

If there is a RS or consolidation. the PCEP and Schyba shares will also be affected. PCEP have common shares just like Schyba.

Another question.
EX: Say I buy 1 million rights at .7394 at PPR.RT, how much will it cost me to buy the million shares. If you guys know the answer please let me know how this will work.

Thanks.

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Comment by SilverSam on Sep 21, 2024 8:19pm

If/when there is a share consolidation, it will take place AFTER the Rights Offering. If/when it does occur, your shares will still have the same monetary value, you will just have less shares which will be worth more per share. If you have a million shares and exercise your right to purchase the full .739474 per share, you will receive an extra 739,474 shares and it will cost you 0.025 ...more

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