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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: Digger who wrote (15957)3/17/1999 1:24:00 AM
From: marcos  Read Replies (1) | Respond to of 26850
 
Sorry, I was using 8/1 as another way to say .125, should have said 1-for-8.
For every wsp share held on record date you'll get one share of 'New Winspear' [which will still just be called Winspear, likely no change of ticker i would expect] and one-eighth [.125] of a share of 'Newco', which will hold all non-Camsell Block assets. So any shares held beyond even multiples of 4000 will result in an odd lot of Newco, since i assume it would trade under 1.00 where board lots are 500. This imho often makes spin-offs trade oddly in the months following, as people dump odd lots, stink bidding can work really well. Maybe not in this case, as The Cottontail will likely be supporting RT's new paper.

newswire.ca



To: Digger who wrote (15957)3/17/1999 3:08:00 AM
From: .Trev  Respond to of 26850
 
Just to clarify if somebody hasn't already.
If you get 0.125 of a Newco share that is the 8:1 ratio right there.

1/8 = .125

There's no stock split. for each WSP share you have you get one new WSP share plus 1/8 of a newco share.

Hope that helps. It'll be a while yet since regulatory and shareholder approval will have to be sought. Allow between two and three months.

Noght


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