WTG
posted on
Feb 25, 2011 08:49PM
WTG.... outstanding shares of 114,000,000
Couple of paragraghs from dec 31 2010 wtg news release.
The Company is well-funded. Recently, the Company completed a non-brokered offering of subscription receipts of the Company pursuant to which 24,830,210 Subscription Receipts were sold to various international investors for aggregate gross proceeds of CDN$24,830,210. Each Subscription Receipt has been automatically exchanged for one common share of the Company.
As of the date hereof, there are 114,630,210 common shares of White Tiger Gold issued and outstanding, of which 85,000,000 (approximately 74.2%) are held by DZM Gold Mining Ltd., a company controlled and wholly-owned, directly and indirectly, by Mr. Finskiy.
I wonder how many open market shares are available to trade. It looks like they are all spoken for and im not to sure if there is a 4 month holding period for that no - brokered offering. . So would that explain why it is not really trading that many shares and has such a high value. So much to take in and wonder where this is all going. Any thoughts. Im posting the link below for the whole news release for more discussion:
http://ca.finance.yahoo.com/news/Common-Shares-White-Tiger-marketwire-958833009.html?x=0
Had a strong finish .65... JMO and good luck to all..Junior