"On completion of the transaction Latin Gold shareholders will own approximately 30.5% of the merged group."
It took me a couple of goes to get my head around this as well at the time of this announcement on 24 Jan.
If I remember right then LAT will own 100% of Mig33 BUT the new shareholders from the acquisition (ie the Mig33 guys) will own 69.5% of the new post-merger LAT.
So, post-acquisition LAT own 100% of Mig which is made up of the new shareholders with 69.5% and the current shareholders (pre-acquisition) with 30.5%.
Hope this makes sense!
LAT Price at posting:
3.8¢ Sentiment: None Disclosure: Held
