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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area
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To: Condor who wrote (24300)10/16/2006 7:45:11 PM
From: Rocket Red  Read Replies (1) of 37387
 
As a result of the amalgamation, each of Energy 51's and Watch's shareholders will receive one Amalco share for each common share of Energy 51 and for each Watch share held. In connection with the approval of the amalgamation, the holders of the Watch shares and Energy 51 shares will also be asked to approve a consolidation of the Amalco shares on a 1:5 basis. Energy 51 currently owns 12,973,000 Watch shares, all of which will be cancelled upon completion of the amalgamation and it is anticipated that the holders of options to acquire Energy 51 shares and Watch shares will enter into agreements whereby they will be entitled to options to acquire Amalco shares on substantially the same terms.
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