I think you may be mistaken. Comet should receive 40,000,000 shares at $0.20ea, or $8m worth."Comet will receive 40,000,000 shares in International Graphite at completion of its IPO, initially valued at $8 million based on the proposed IPO issue price per share of $0.20, in exchange for the sale of tenements E74/612 and E74/562, which together form the Springdale Graphite Project."
Ann: CRL and International Graphite to create integrated business, page-21
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