~*~Mining and Metals Du Jour~*~

[C C]

a new twist to Q companies going into bankruptcey


PALDF has a new twist to it
terminate all warrants & options
PALDF is going to sell debs to policy holders on record

Existing holders of common shares will own 2% of the post-Recapitalization common shares outstanding on a fully-diluted basis;

The Company's outstanding warrants and options will be terminated;

After completion of the Recapitalization, the Company will undertake a $50 million rights offering to raise equity, pursuant to which all shareholders at that time will be able to participate;

The $50 million rights offering will be backstopped by Brookfield and other parties;

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113727849


cc