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Bullboard - Stock Discussion Forum NYX GAMING GROUP LTD 11 PCT DEBS V.NYX.DB

TSXV:NYX.DB - Post Discussion

NYX GAMING GROUP LTD 11 PCT DEBS > A question on Cashflow Statement in Financials
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Post by Froyalmac09 on Aug 29, 2016 7:05pm

A question on Cashflow Statement in Financials

On cashflow it shows $110 M (net of issuing cost) for equity raise.  How do I bridge this to the $150 M in press release as to size of equity raise?  

Thanks
Comment by JimToronto on Aug 30, 2016 1:00pm
If I understand correctly, the $110m refers to the subscription receipts. The first tranche was disclosed on April 26: A total of 38,713,636 subscription receipts of the Company (the "Subscription Receipts") have been issued at a price of $2.75 (the "Offering Price") per Subscription Receipt, for aggregate gross proceeds of approximately $106.5 million. The overall $150 M ...more  
Comment by Froyalmac09 on Aug 30, 2016 8:38pm
Thanks for input.  Its a bit confusing.  I asked investor relations the same question, if I get any feedback I will post response.
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