Microforum (MCF:TSE) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Microforum (MCF:TSE)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: burner who wrote (1626)	5/1/1999 2:49:00 PM
From: stubbs	Read Replies (2) of 3896

I was lucky enough to pick up 2 units from Yorton.The first offering(paper work) I received Friday morning had the deal 2 mill shares at $6.5 and then 1/2 warr at $10.00(16 month exercise).If the prospectus is not completed within 60 days closing date(May10/99)then they have a 10% penalty.I was told from my broker that it was 60 day hold but after reading thru the offering it looks like 1 year.I called him at home (today)and he was positive on the 60 day hold as he had a call into TO office to confirm.It also shows that fully diluted we are at 37 mill shares.Those dates also could be tied to jurisdiction as Alberta,BC has a min $97.5k.Ontario and Quebec I believe is $150k minimum so hold periods could very. The breakdown per firm is/was: Yorkton-60% Taurus-25% Kearns-10% Canaccord-5% Just remember in that two hour window the PP went from 2-3 mill shares and dates could all change.When I get my copy Monday I will repost the conditions. Stubbs

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next