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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: Check who wrote (3149)6/30/1999 12:52:00 AM
From: Salt'n'Peppa  Read Replies (1) | Respond to of 15703
 
Check, you are right. I forgot about the extra half option per share.
Still, I see 20.7MM + 5.5MM = 26.2MM shares.
I must be missing something...

Regardless, it needs to be done in order to continue financing their commitment to the SJ Basin. Reducing their debt will make them more attractive as well.
If all these shares are issued, they will raise $23.7 million, which buys quite a lot of drilling.

Cheers,
S&P


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