Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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Message: Re: Are the Chinese still in Play?
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Are the Chinese still in Play?
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pumpjackdv
Feb 22, 2011 05:59PM
Re: Are the Chinese still in Play?

emperor
Feb 22, 2011 08:19PM

>Chinese deal appeared horrible--diluting 430 million shares plus another another 430 million warrants

Actually it’s 420 million new shares. Each new share will consist of one common share in the capital of Falcon and three quarters of one common share purchase warrant. Therefore 420 X .75 = 315 million warrants.

Anyway, the 63 million dollar raised from the Chinese was absolutely necessary to enable Falcon to negotiate the JV deal from a position of strength with the group of suitors. And of course they did sign an excellent deal.

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Re: Are the Chinese still in Play?
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notes6
Feb 23, 2011 11:05AM
Icon president Re: Are the Chinese still in Play?
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solyomtwo
Feb 23, 2011 11:49AM
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