Agoracom: Small Cap Investment - Spider Resources

Welcome To The Spider Resources HUB On AGORACOM

First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Number of shares

MaxValueHolder

May 26, 2010 12:24PM

khareema

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Re: Number of shares

in response to

Number of shares

MaxValueHolder

posted on May 26, 2010 01:46PM

Sorry, Max, that is incorrect.

KWG presently has 828,923,980 fully diluted shares outstanding. This will represent 50% or the new entity. An equal value will be distributed to the SPQ shareholders.

Since SPQ has 653,538,978 fully diluted shares outstanding, each SPQ share will be exchanged for 1.27 shares of the new entity.

Best regards

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