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Ok, i get it now. Probe treasury gets $15 mio cash (7.5 mio shares * 2.00) from the syndicate plus any future cash from warrant exercise. Cormark and BMO get $11.25 mio cash from AEM and retain the tax benefit (which I'm guessing is more than $3.75 mio) and AEM gets the shares and the warrants. Not sure why it is relevant to report what AEM is paying the syndicat for the shares. Maybe because it is a 10% deal?? Either way, I like it a lot.
