Spoke to company today to clarify this matter. Was advised the following;
Currently trading as MDLDC on a 1:10 basis and will revert back to old code MDL upon restructure.
We will receive .2633 of a Teranga share for every MDL share held pre restructure.
Teranga Gold will trade under code TGZ on ASX and will commence trading on 10/12/10. Teranga Gold will also be listed on Toronto exchange and commence trade on 7/12/10.
I beleive IPO for Teranga on Toronto exchange was priced at CAD$3. I would expect a similar price here given exchange rate is very close to 1-1 although I'm hoping Teranga might open at a premuim to IPO price.
Nice move on MDL today.
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