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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: CLL out standing common shares after the new issue

CLL out standing common shares after the new issue

posted on Jun 01, 2009 11:04PM

Hi,

currently we have about 211 million outs shares and 16 million option excercise and 100million convertible and 170 million new issues.

Can some one help in deciphering how will all above contribute to the outstanding shares when calculating cll's enterprise value

how does convertible and option excersie work? Will cll ger cash when the bond holder converts his/her debuntures at $5 dollars, how does this work.

211+16+170+100=497 million outstanding common shares.

Is this correct?

If it is correct then with MCR, pdp is this fair amount of common shares.

The big comapnie can have common shares in the billions,but their slice is big as well.

so my q to the enlightend and those in the know in this forum, does cll warranty .5 billion common shares with its total resources of 1billion?

thanks a lot in advance for helping

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