Welcome To The Orezone Gold Corporation HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: $26.9 Million sale of Sega worth $0.30/sh in cash and stock.
Reply New Message
Back To Forum List View
Icon president Orezone Sells Sega Project to Cluff Gold for $29.6M

Been There
Feb 03, 2012 01:53PM

The $26.9 Million sale of Sega is worth $0.30/sh in cash and Cluff Gold stock. The transaction is for $15M in cash and 11M new common shares of Cluff. With $29 million in cash on hand at the end of Dec 31, 2011 the additional $15 million brings ORE's cash on hand to $44 million. A significant increase in cash that should differ any concerns about near term PP dilution.

As of 2 pm ORE was trading up $0.19 at $2.94/sh. CFG was trading at $1.30 with a 1.35/1.50 Bid/Ask.

.... Been There

Reply New Message
Back To Forum List View
Share
Share
New Message
Please login to post a reply