I have been out of EPM a long time. You see this:
European Minerals Corp (C-EPM) - News Release
European Minerals issues 152.1 million shares for buy
2008-06-27 09:31 ET - News Release
Shares issued 455,596,727
EPM Close 2008-06-26 C$ 0.96
Mr. Gavin Dallas reports
EUROPEAN MINERALS CORPORATION ANNOUNCES THE ISSUE OF SHARES PURSUANT TO ACQUISITION
European Minerals Corp. (name to be changed to Orsu Metals Corp. pending completion of filing procedures), further to the agreement pursuant to which EMC acquired all of the outstanding common shares of Lero Gold Corp. in exchange for common shares of EMC, has issued 152,101,767 common shares of no par value. Under the agreement, Lero shareholders received one common share of EMC for each one common share of Lero held.
Application has been made for these shares to be admitted to trading on AIM (Alternative Investment Market), and it is expected that admission will occur on June 30, 2008.
At the completion of announced business combination, Orsu has 456,709,227 common shares outstanding. |
