It's in yesterday's 6K:
Holders of the Exchangeable Preferred Shares and the Gold-Linked Preferred Shares would exchange such shares for Common Shares (representing in aggregate approximately 60% of the Common Shares post-Recapitalization on fully-diluted basis) on a pro rata basis using the following values:
with respect to the Exchangeable Preferred Shares, the sum of the face value of the Exchangeable Preferred Shares (being approximately US$43.1 million) plus any accrued but unpaid dividends; and with respect to the Gold-Linked Preferred Shares, the sum of the “Liquidation Preference” value (as defined in the articles that contain the attributes of such shares) at January 20, 2017 (being approximately US$27.7 million) of the Gold Linked Preferred Shares plus any accrued but unpaid dividends up to the implementation date of the Recapitalization not otherwise included in the Liquidation Preference value.
Following the implementation of the Recapitalization, it is anticipated that the Company will have approximately 1,099,000,000 Common Shares
60% of 1,099,000,000 shares is 659 million shares which is being exchanged for 43.1 + 27.7 or 70.8 million dollars of preferred shares.
That's values the shares at 70.8 million / 659 million or 10.7 cents per share.
Equitizing refers to exchanging equity (60% of the company) for 70.8 million dollars of preferred shares.
