New shares?!
posted on
May 03, 2012 01:52PM
Edit this title from the Fast Facts Section
As i posted on stock-igloo:
There were a lot of new shares pressed into the market by WTG through their agents. From the AIF:
DESCRIPTION OF CAPITAL STRUCTURE
White Tiger Gold has no authorized capital but is authorized to issue an unlimited number of no par value
shares of a single class. The shareholders of White Tiger Gold are entitled to one vote for each WTG
Share held on all matters voted on by the shareholders of White Tiger Gold and are entitled to receive
such dividends as may be declared by the directors out of the funds legally available therefor and to
receive the remaining property of White Tiger Gold on dissolution. The WTG Shares are subject to
redemption, purchase or acquisition by White Tiger Gold only with the written consent of the holder of
such shares. The holders of WTG Shares have no pre-emptive, redemption or conversion rights. The
issued and outstanding WTG Shares are fully paid and non-assessable.
The following table sets forth the capitalization of White Tiger Gold as at December 31, 2011 and April 4,
2012.
Capital Authorized WTG Shares unlimited
Outstanding as at
December 31, 2011 306,518,864
Outstanding as at
April 4, 2012 323,331,587
http://www.sedar.com/CheckCode.do;jsessionid=0000VXIOBZiYPMQ…
Price Range (CDN$)
High Low Volume
2012
March 0.71 0.48 6,388,068
February 0.93 0.60 6,327,973
January 1.23 0.77 8,742,446
Volume Q1 : 21,458,487
New shares : 16,812,723
Am i interpreting something wrong on this information from the AIF or am i correct?! I found no discussiuons on the boards due to this item.Thanks for answers.