Based on the western gold prospectus GWR shareholders should receive one western gold share for about every four (3.69) GWR shares.
This is based on GWR having 192 million shares on issue and GWR shareholders to receive 52 million Western Gold shares.
The prospectus is offering western gold shares for 20 cents each. This means that for each GWR share you have it implies you get about 5.4 cents worth of western gold.
Other points of note: -GWR is underwriting the issue -GWR shareholders get priority placement (but no discount).
Anyhow that is enough on the finance for GWR shareholders - What I would really welcome is peoples view of the prospects of finding GOLD!
GWR Price at posting:
65.6¢ Sentiment: Buy Disclosure: Held
