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Bullboard - Stock Discussion Forum Orecap Invest Corp V.OCI

Alternate Symbol(s):  ORFDF

Orecap Invest Corp. is a Canada-based company. The Company’s focus is on special situation investments in the natural resources sector, precious and critical metal assets and businesses. The Company has equity positions in portfolio companies, such as American Eagle Gold, QC Copper and Gold, Mistango, Awale Resources and Cuprum Corp., in addition to owning a broad portfolio of land packages... see more

TSXV:OCI - Post Discussion

Orecap Invest Corp > AEG spin out ratio
View:
Post by paulindoon on Dec 09, 2020 8:50am

AEG spin out ratio

Slide 6 of AEG presentation: https://americaneaglegold.ca/site/assets/files/2670/aeg_corporate_presentation_2020_dec_8.pdf

AEG Share Structure Number S/O Ownership
 Current Shareholders
Seed Shareholders ..11,483,870 31%
Management and Insiders ...15,000,000 41%
Orefinders Resources Inc. (ORX:TSXV)....10,000,000 27%
  Current Fully Diluted Shares Outstanding ....36,483,870 100%

IF ORX adopts similar plan as it did when PORE was spun off ORX, the AEG share dividend might look per following: 
AEG share dividends....10,000,000
ORX keeps....5,000,000 shares
Shareholders .....5,000,000
AEG ratio: 5mm/ORX shares = given 5,000,000/178,778,772
1 AEG share for every 35.76 ORX shares held at time of record.
ORX total shares per: Key Statitcs https://ca.paidpromotionalmessages.com/CVE:ORX/Orefinders-Resources/shares
  
Comment by paulindoon on Dec 09, 2020 8:58am
Orx shares total taken from: https://ca.paidpromotionalmessages.com/CVE:ORX/Orefinders-Resources/shares
Comment by paulindoon on Dec 09, 2020 9:08am
Correction re ORX outstanding shares from presentation from Slide 4  Shares outstanding ....242.8 million therefore AEG ration is 1 AEG share per 48.4 ORX shares held on record date.
Comment by shelby2 on Dec 09, 2020 9:40am
wowwwww 1 aeg for 45 orx shares, hmmmm not many, i waited this long for nothing.
Comment by shelby2 on Dec 09, 2020 9:51am
sorry correction on amount of orx shares should be 1AEG sh for 48 ORX. still not impressed. hope AEGshares come out for 50cents or more 
Comment by paulindoon on Dec 09, 2020 10:14am
From AEG presentation, Slide 6, link: https://americaneaglegold.ca/site/assets/files/2670/aeg_corporate_presentation_2020_dec_8.pdf Proforma Share Structure & Current Private Placement  Initial Public Offering 12 million units @ C$0.20/unit for C$2.4 millio
Comment by Stocks6427 on Dec 09, 2020 1:37pm
these guys have been a complete waste of time 
Comment by bullmetal on Dec 09, 2020 4:34pm
COMPLETE WASTE TO RESPOND BUT I WILL. MY ACCOUNT SAYS OTHERWISE BUYING FOR A SPIN OUT IS SILLY, IT IS JUST A BONUS!