Evolving Gold

<font color="#000000">Welcome to the Evolving Gold Free HUB On AGORACOM</font> Evolving Gold is focused on exploring its significant discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado, and on gold properties adjacent to the Carlin district of Nevada.

over 13 years ago

in response to MaxValueHolder's message

The good discussions on stockhouse, most posters believe that the $23 million that AE will spend for common shares will be in a p.p., otherwise buying in the open market won't help the company financially at all. Also, that the p.p. strike price will be at least $1.20 because if it's lower, and AE acquires more shares than Goldcorp in their p.p., then Goldcorp is allowed to buy into the p.p. to reestablish theit 15% share ownership. Here's what I'm quoting from Sage on the stockhouse board:

"$23 million via a share financing according to page 19 of May presentation......so In order NOT to excite GC's pre emptive right to maintain a 15% equity Interest In Evolving Gold....AEM would have to purchase their paper @ roughly $1.20 PS.....back of the napkin math 19 million shares at $1.20 equals $22.8 million just under GC's 19,047,721 share position....any PP under a $1.20 and GC participates proportionately In that financing to maintain their %15 Interest..."

I'd be surprised and thrilled if Tookie could get anything close to what Ventana got in their buyout.