Ann: LSX: Takeover Offer for EganStreet by Silver Lake Resources, page-48

13% not making sense?


1. EGA shareholders believe that they are not getting a good deal, as their shareholding in EGA wil be converted to 0.27 SLR per share (which could be $1.10 after the transition.
2. What happens if this deal doesnt go through?
3. Calculations wise:

10000 EGA shares at current value 0.335cents = $3350
which is equivalent to 2700 SLR shares at current value $1.25 = $3,375
give and take you cost to buy and sell shares, you can keep the spare change.