Re: One down, three to go - khareema
in response to
by
posted on
Feb 26, 2011 09:12PM
4 projects in Ontario, Quebec and Nevada (Gold, Silver,Copper,REE)
The 2 mill shares will be issued in conjunction with the IPO, and the 4 month hold begins on the first trading day after the IPO. There is virtually always a 4 month hold on a PP such as this. The only exception would be if they filed a prospectus which they won't. Far as as I can see the only tradeable shares will be held by GAX, and they say they will not trade them. Hence my question still stands. Where will the trading shares come from? The simplest and really only answer is going to be that the company dividends them out to present shareholders, at which time they will be free trading and a market will be created. Otherwise???
Best regards
K