In addition, Metgasco will offer eligible shareholders the right to participate in a Share Purchase Plan (“SPP”) which will enable existing (i.e. pre placement) shareholders to apply for up to $15,000 of shares at the same price as the Placement. Further details of the SPP, including the timetable will be provided to shareholders shortly.
I read this as saying if you held shares when the trading halt was applied, then you are eligible for the SPP.
I think the SP will move up quickly once the placementees have taken their quick profits.
big thumbs down, page-51
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