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Gold/Mining/Energy : Alantra Venture Corp AVB-V
AVB 173.92-0.5%Oct 31 9:30 AM EDT

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To: canadian crude who wrote (34)12/2/1999 9:00:00 AM
From: Dan Hamilton  Read Replies (2) of 59
 
Re: Financing

It is definitely equity financing. There are 4.4 million shares outstanding right now fully diluted. After the financing, there will be 8.2 million shares outstanding. This is made up of:

$1.5 million in equity raised through issuing 2.25 million shares

TRG assigning its 25% ownership in Teleport for 2.05 million shares

So there will be a doubling in shares in the very near future. If there is not some news issued at the same time, this could result in a short term drop in the price.
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