Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Re: Argex announces $7.5 million brokered placement of convertible debentures
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Icon president Argex announces $7.5 million brokered placement of convertible debentures
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luker
Jun 18, 2014 04:43PM
Re: Argex announces $7.5 million brokered placement of convertible debentures
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MaCloud
Jun 18, 2014 09:52PM

RGX seems quite focused on minimizing shareholder dilution. During a recent investment conference, management speculated that their expected financing need of ~$300million would likely be Debt/Equity of ~ 60:40. Raising the share count (by swapping with FNC shares) prior to such a financing (especially when the resource markets are still so uncertain/choppy) would not go over well with curent RGX shareholders at this time (even though it would increase ther EPS of RGX in several years) . IMHO

Cheers,

Luker

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