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Tradernick5

04/19/20 8:44 PM

#8018 RE: LouisDesyjr #8017

Come on dude that's old news Stop deceiving people here - did you read the last MUDS SEC Filing? Go back and read it its on one of my posts - I think you work for the Allied Nevada People and you are trying to tell us that our warrants have no value but stop it this will all be settled in court.

Tradernick5

04/19/20 9:58 PM

#8019 RE: LouisDesyjr #8017

Read Page 101 Louis

Holders of Seller Warrants
Subject to the terms and conditions of the Purchase Agreement, each warrant of Seller outstanding and unexercised immediately prior to the effective time will be assumed by HYMC following the consummation of the business combination and, subject to an equitable adjustment, will be exercisable to purchase shares of HYMC Class A common stock . Seller warrant holders are not entitled to receive shares of HYMC Class A common stock in connection with the business combination unless such holder exercises such warrants pursuant to their terms prior to the consummation of the business combination, in which case such holder would be entitled to his, her or its pro-rata share of HYMC Class A common stock to be distributed to Seller stockholders pursuant to the plan of dissolution.
Holders of Seller warrants that wish to vote at the Seller special meeting on the Seller Business Combination Proposal and Seller Dissolution Proposal or that wish to participate in the distribution of purchase shares pursuant to the plan of dissolution must exercise their Seller warrants at a price (as of April 1, 2020) of?? $5.07 per share, which is substantially in excess of the value attributed to shares of Seller common stock in the business combination, which ranges from approximately $1.12 per share to $1.23 per share depending upon the number of shares of MUDS Class A common stock redeemed and the number of shares of HYMC Class A common stock issued to Seller and Seller’s noteholders in the business combination, prior to (i) the record date for the Seller special meeting or (ii) the consummation of the business combination, at which time the Seller Warrant Agreement will be assumed by HYMC and the Seller warrants will be exercisable, subject to an equitable adjustment, to purchase shares of HYMC Class A common stock, respectively. Seller currently anticipates filing such certificate of dissolution promptly following the consummation of the business combination.


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