Bullboard - Stock Discussion Forum Cleantech Vanadium Mining Corp V.CTV

Alternate Symbol(s): CTVFF

Cleantech Vanadium Mining Corp., formerly Flying Nickel Mining Corp., is a Canada-based exploration-stage mining company focused on vanadium resources. The Company owns a 100% interest in the Gibellini vanadium project in Nevada, United States. The Gibellini vanadium project is located near Eureka in Nevada's Battle Mountain region covering 21 kilometers (km), Gibellini holds 127 million pounds... see more

Add To Watchlist

TSXV:CTV - Post Discussion

Cleantech Vanadium Mining Corp > 3 entities will be completely removed as shareholders

View:

Post by flush777 on Jul 22, 2024 9:58pm

3 entities will be completely removed as shareholders

The math here is 19.9% + 15.3 % = 35.2%, or the existing First Nation and the 2 corporate shareholders are all cashing out and that more of the pie will appreciaate to the current shareholders ...

Total consideration will either be payment of (i) $7.3 million in cash and surrender of 31,015,206 (35.2%) of Flying Nickel Shares, or (ii) $8 million in cash and surrender of 17,561,862 (19.9%) of Flying Nickel Shares.

Norway House Cree Nations currently holds 17,561,862 (19.9%) Flying Nickel Shares, and collectively Blackstone Minerals Limited ("Blackstone") and Sparta AG ("Sparta") hold 13,453,344 (15.3%) Flying Nickel Shares.

182