Tuesday, February 21, 2017 7:02:04 PM
VR Capital holds 40,033,713 shares of Energizer Resources.
JP Morgan Chase holds 33,428,200 shares of Energizer Resources.
Dundee CMP Funds -which includes Goodman and Sprott- hold 96,064,286 shares of Energizer Resources.
Under the assumption that Energizer Resources required a further $7,950,000 for Phase 1 and other enhancements of the Staged Development Plan:
The issuing of new shares at $0.065 each would add 122,307,692 shares to the Institutional shareholders holdings for a total of 291,833,891 Energizer Resources shares.
Energizer Resources would then have 583,303,405 issued shares and the Institutional shareholders would hold 50.03% (say 50%) of Energizer Resources issued shares.
The Institutional holders would surrender their shares to Energizer Resources to obtain their interest in a 50% JV interest and Energizer would hold the surrendered shares in her Treasury for her part of future developments at Molo.
After the JV partners surrender their ~291.65 million shares to earn their 50% JV, Energizer Resources shareholders would also hold ~291.65 million shares, which after a 1 for 2 reverse split would leave ~145.83 million issued Energizer Resources shares and a similar amount in her Treasury.
One must consider that with a 50% Molo JV, costs would be shared equally.
As graphite demand grows and considering Molo's Proven and Probable Reserves, it would be easier for a JV to increase production above the initially projected annual rate of 53,107 tonne over a life of 26 years. In addition Molo's Measured and Indicated resources would be converted to Mineable Reserves as required.
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