Re: Are we not already in a deal concerning shareprice?
in response to
by
posted on
Jul 23, 2011 09:37AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Hi Edgy,
Just to clarify:
Cash payment will be approx. 4 /100 of a cent /ECU share, or 4 cents for every 100 shares of ECU you own. (see below).
"Under the terms of the Transaction, which will be structured as a plan of arrangement (the "Arrangement") under the Quebec Business Corporations Act, each ECU share will be exchanged for 0.05 Golden Minerals shares and $0.000394 in cash. Upon completion of the Transaction, existing Golden Minerals shareholders and ECU shareholders will own approximately 49% and 51%, respectively, of the outstanding common stock of the combined company."
Comment:
Don't spend it all at once, lol!
Good Luck to all!