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Replies to post #7496 on North American Palladium Ltd. (fka PALDF)
lil green bull
04/09/14 10:23 AM
#7498 RE: Leirum #7496
Dobie Lama
04/09/14 3:49 PM
#7509 RE: Leirum #7496
Based on 3 days formula for the adjustment of the CV-Price I would then say, that we are Close to it. It says: The amendments include, among other things, a change in the formula used to calculate the conversion price to a 3-day volume weighted average price ("VWAP") of the Common Shares on the Toronto Stock Exchange. The conversion price of the second tranche debentures will be C$0.4629 per share and the exercise price of the second tranche warrants will be C$0.5786 per share (both of which are subject to adjustment under certain circumstances); and acceleration of the anticipated closing date to on or around April 10, 2014. The wording: and acceleration of the anticipated closing date to on or around April 10, 2014. So the Price from yesterday - today - and tomorrow should give the adjusted Price for the CV and the Warrants for the second Tranche.