Re: poly please answer or some one

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Canseco

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Re: poly please answer or some one

posted on Sep 13, 2008 09:31PM

Hello Coswil,

I agree with Glorieux. You should be able to arrange a transaction with your broker, where you exercise your rights, and sell some of the new shares to pay for the ones you keep, as a combined transaction.

Example: If the shares are selling at $5.00 at the time of the triggering event, and the 50% buy price is $2.50, then you could sell half of the new shares to cover the cost. Another way to look at it is that you exercise half the rights, and sell the other half (approximate) to pay for the new shares.