Replies to post #32641 on Value Microcaps Junior Miners

[dr_airtime]

GPM.V - looked into this.

They had 61.5M shares @ Mar 31. They didn't issue shares + warrants as is typical but issued 28.3M 'special warrants" @ 0.15. The special warrants automatically convert to common shares on September 21, 2015 without any further action or funds required.

So FD share count is 89.8 for $CAD 36M MC.

Hopefully we'll get a PR in early december with 'initial observations on drilling results' before we get assays and this will alleviate any of these warrant holders selling after September 21.

http://www.gpmmetals.ca/node/60