Welcome To The "Yukon Gold Rush - Reloaded" HUB On AGORACOM

Featured Companies change regularly (see Stock Quote)

Free
Message: New Yukon Gold Rush: Top 5 Players 2011 : #2

<<<I like Hinterland, especially like their property, and made some money off of them last year. But they will have problems with too many shares out going forward.>>>

"Solution" for "too-many-shares"-problem: Reverse Split !

They will be doing a 1:4 reverse split in combination with spinning-off their Yukon properties into the wholly-owned subsidiary Stakeholder Gold.

Both companies will have 20M shares post-split and HMI will retain 7,5% of Stakeholder Gold and distribute the balance to HMI shareholders, meaning 0,23125 shares of Stakeholder Gold for each HMI share PRE-split (plus 0,25 shares of HMI for each HMI share PRE-split).

Quite clever tactic to sell a reverse split to existing shareholders !

http://www.marketwire.com/press-release/hinterland-executes-arrangement-agreement-with-stakeholder-gold-corp-tsx-venture-hmi-1421959.htm

FANTOMAS

Share
New Message
Please login to post a reply