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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: marcos who wrote (73633)8/14/2012 8:01:24 PM
From: LoneClone  Read Replies (2) of 78428
 
I find it very strange the way the USA merger transaction is being done.

Each outstanding common share of U.S. Silver has been exchanged for 0.67 of a common share of the Combined Company and each outstanding common share of RX Gold has been exchanged for 0.109 of a common share of the Combined Company.

I can't remember a merger being done this way before, in that holders of shares in each of the merging companies both end up with fewer shares without a reverse split also being in play. I will end up with an odd lot of shares in the Newco, or maybe I am just being confused by the wording.

LC
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