Copper-zinc exploration in the Flin Flon-Snow Lake VMS Belt

Recent Results Include 6.69% Copper Over 71.69 Metres and 3.74% Copper Over 21.77 Metres

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Message: Ni spin off

Ni spin off

posted on Jun 17, 2008 02:50AM

If we do not receive any shares in the new Ni company how is the value of the Ni company realized by VMS SH if VMS is bought out. A previous post mentioned that Keith stated that no shares will be issued to VMS SH of the new Ni spin off company as VMS will already be a 60% SH. If this structure is true then someone buying out VMS will get 60% of the new Ni company as well. The restructuring seems like a ploy to raise more financing and not increase SH value. One begins to wonder where all the initial financing of 21 mill. is going. If the $2 plus warrants ever get exercised it would be closer to 40 mill.(going from memory). Long on VMS, but could someone shed some light on this point for me?



Cheers

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Jun 17, 2008 06:43AM
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Jun 17, 2008 11:51AM
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