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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: loantech who wrote (2771)12/6/2005 1:57:35 PM
From: Metacomet  Read Replies (2) of 78426
 
Regarding the merger.

I had shares in both entities earlier this year.

Based upon the following, I sold my Romarco and bought Western for a few more cents per share.

"Under the terms of the merger agreement, Romarco will issue two (2) of its common shares for shares of every one (1) share of common stock of Western Goldfields. As a result, Western Goldfields will become wholly owned by Romarco. The Western Goldfields shareholders will own 62% of the combined company and the Romarco shareholders will own 38% of the combined company."

romarco.com

This is telling me that each share of Western will have a significantly greater share in the merged company than a share of Romarco, isn't it?

I ask because the shares of each are still being traded with a slight differential in price.

I would expect the Western shares to move toward twice Romarcos.

Is nobody paying attention, or am I reading this wrong?
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