Before the Merger you own_17.7%_of_entire Maricunga_Project.
To LIEG Shareholders,
With YOUR now 556,124,331 shares of LIEG you in total own 17.7% of the NewCo asset.
Under the merger LIEG becomes 41.83% owner in Bearing after trading in our shares (in effect through virtual Reverse Split).
Under the merger the existing Bearing shareholders become 58.17% owner in Bearing.
After the merger the Former LIEG shareholders become 7.4% owners in the NewCo asset._ 7.4%
After the merger Former Bearing shareholders become 10.3% owners in the NewCo asset. 10.3%
After the merger LPI is still 50% owner of the NewCo asset._________________________ 50.0%
After the merger MSB is still 32.3% owner of the NewCo asset._______________________ 32.3%
________________________________________________________________________100.0%
After the merger how much money will old former LIEG shareholders receive for giving away 10.3% of the NewCo asset to (pre-merger) Bearing shareholders?
Answer: zero, nada, el zippo, nyet, butkus, $0.00
Calculations based on a $.020pps for LIEG, with a $.70pps for BRGRF.
Close your eyes.
Imagine you have 100,000 shares of LIEG in 100% (adjusted by your proportion) ownership of the total 17.7% NewCo asset before the merger.
After the merger you will have (in effect) an asset worth only 41,830 LIEG shares.
Then the plan is to ram those 41,830 LIEG shares down your throat and you will excrete 2,876 BRGRF shares. Voila.
The Doctor
