My understanding of the deal is this on the Closing of the deal on May 10th the Denselight shareholders will receive an amount of shares valued at $1 CAN to equal the amount in US dollars.
So going by Rainer’s numbers below the amount of shares will be 16,806,011
Trini
Here are the numbers in different currencies from my blog post to come. Data from the news release are in bold, everything else is calculated based on current exchange rates:
|
USD
|
SGD
|
CAD
|
EUR
|
Acquisition price (shares)
|
10.500.000
|
14.115.142
|
13.181.183
|
9.172.709
|
Bonus upon reaching revenue target (shares)
|
1.000.000
|
1.344.299
|
1.255.351
|
873.591
|
Liquidation of depths (shares)
|
1.887.502
|
2.537.368
|
2.369.478
|
1.648.906
|
Liquidation of depths (cash)
|
1.256.679
|
1.689.353
|
1.577.573
|
1.097.824
|
Sum
|
14.644.182
|
19.686.162
|
18.383.584
|
12.793.030
|