Re: B/A on DDI is 25/35
in response to
by
posted on
Dec 13, 2011 08:16PM
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
Hi MarlboroDog,
You said.....
"I was under the assumption that the if the date of record is today, that would be after market close. It is possible that they did the count at market open instead? With three days for trades to settle, that would mean that as of the opening bell on the 15th, the three days would have passed.
Or would this mean that trades made three days before today's closing would impact who gets the distribution?
This is kind of confusing."
-----The date of record was not today. Here is the info that should make it more clear.
MONTREAL, QUEBEC--(Marketwire - Nov. 7, 2011) - KWG Resources Inc. (TSX VENTURE:KWG) has set the close of business on Thursday, December 15, 2011 as the time and date when it will determine its shareholders of record who will be entitled to participate in the distribution of the shares of Debut Diamonds Inc. (CNSX:DDI). For every 100 shares of KWG then held, shareholders will receive six (6) shares of Debut Diamonds Inc. on December 28, 2011. It is expected that mailing of the share distribution will be completed on December 30, 2011.