American Creek Resources Ltd V.AMK

Ratio of Stinger shares to AMK

[fordster]

We still don't know how many shares of Stinger per AMK shares we will receive?

Under the Arrangement, American Creek will transfer the Assets (defined below) to a wholly-owned subsidiary, Stinger Resources Inc. ("Stinger"), in consideration for 45,000,000 Stinger common shares. The Stinger shares will then be distributed to American Creek's shareholders pro rata their interest in American Creek. Upon completion of the Arrangement, American Creek's shareholders will own shares in two public companies

Any guess...or do some of us know?

[Stockmoves1]

aproximately 10-12 %... the fromula they used gives us around 11.7.. but that will be adjusted according to warrants etc..

[Canada300]

I'm quite sure that you will get an amount of spinco proportional to your AMK ownership. If you own 10% of AMK, then you will get 4.5M shares of Stinger. IMO C300

[Stockmoves1]

can we just simplify this and say we will get 10% shares in Stinger for every AMk share.. thats on the low side......

[Krammer000]

I believe what % of Amk you own will be the same % of Stinger you'll own. More of Amk shares the better. But you only have a short time to take advantage of this. Once is official it's over. In my opinion it's time to load up!!!!!! This opertunity is a once maybe twice in a life time. It's the first for me. Amk has a great management team. I think Dunwell is going to be a awesome

[Stockmoves1]

Kramer thats very misleading... we have close to 400mill shares and the new company will be closer to 40mill shares so how do you say it will be the same percentage.. in my books its closer to 10% and the report showed an example with aproximately 11.7%.. not sure whats so confusing about all this... and in my thinking when the shares roll out they are likely priced around the same price AMk is

[Varingianest777]

I seem to remember  a ratio of 8.3 to 1

[fordster]

Yes...we want less dilution- Are we thinking less shares priced around the same price...no- that wouldn't be correct either I suppose. I suppose we will simply have to see. I'll review your estimations SM, but there would have to be far less shares. How much capitol will they have to properly launch their programs? It would be a pity if they had to start diluting right off the bat.

[Krammer000]

Yes......... I am corrected. My bad. It was a misstake on my part.     

[Stockmoves1]

thanks for your honesty..

[Canada300]

Not sure what you're correcting Krammer. I went bacik to the news release, it is very clear that it is prorata as you and I both stated. 1% of AMK = 1% of Stinger. What might change is the ratio of the 45,000,000 shares to the outstanding AMK # due to potential change in that # based on cashing in of options and/or warrants between the time of the news release and the actual vote on the

[sooner1]

Well put Canada300. It's not brain surgery. Hopefully all here will read your post. GLTA!

[Stockmoves1]

can we not simply this for the 100th time and talk in percentages?? like in the neighbourhood of 10% Stinger for every share of AMK .... just round up my friend from .9998 to 10%.. geesh guys.. beating a dead horse here..

[Stockmoves1]

Upon completion of the arrangement it is intended that Stinger will have 45 million common shares issued and outstanding. American Creek currently has 375,851,109 issued and outstanding common shares. If this number changes prior to completion of the arrangement, which may occur if outstanding warrants or options are exercised, then the fraction 0.11973 referred to above will adjusted so that it

[CrashLanding]

As per the information circular, you will get 0.11973 Stinger shares for each AMK share owned.

[Stockmoves1]

and for that 12% perk you will see a 12% rise leading up to the spinoff.... likely a xmas rally for these plays this year..... I cant think we will not revisit 50cts in Jan...

[fairdinkem]

We are knocking on that door. drill results, divadend payment from the Dunwell spillout and TUDs goal of providing a MAiden resourse estimate (43-101) certified.  At one point was the Goal to provide the 43-101 before end of December 2020.  So we are very very close