Cascadia Minerals Ltd V.CAM

Basic question

[ibex08]

Quick question... and maybe a basic one....

If the Hecla deal goes through, it states they will acquire all Atac shares at $0.14 and the spinco is a seperate deal. Is the assumption that Atac will cease to exist and new shares would then be developed for the Spinco? Example, if you have 100,000 shares of Atac at $14,000 valuation would then transfer automatically into Hecla shares, i.e $5.02 last day close so 2,788 shares of Hecla? 

Thanks all, long time holder.....

[Heywood_Silvers]

The deal, as I understand it, will be on the date when the agreement is finalized (assuming that Victoria is asleep at the wheel and doesn't outbid Hecla) you divide the HL share price by 14 cents CAD to determine the exchange ratio. The spinco will likely be something to the effect of 1 share of spinco for each 20 shares of ATC. Afterwards, you will own X shares of HL and X shares of spinco

[givemeabreak1]

Not how I read it!  It is not written the best so it looks like you can read it in a number of ways.  As I see it the spinco is only owned by ATAC shareholders so shares on a 1 for 1 basis!

[Pandora]

ATAC shareholders will also receive shares in a new exploration company ("Spinco") which will hold all of ATAC's rights and interests with respect to the Idaho Creek, Catch, Rosy and PIL projects (the "Spinco Assets") as well as ATAC's cash balance following completion of the Proposed Transaction. Pursuant to the LOI, Hecla intends to make a C$2.0 million strategic