Because as a result ENB will have a cash injection in 3 years time if the share price is larger then the exercise price.
They will also have a immediate cash injection if people take up the new issue.
Regardless there is going to be dilution anyway eventually.
No real point not voting for it. In fact you'll have a opportunity to get more exposure to this stock via the oppies after they list and enjoy the leverage if the heads move up.
ENB Price at posting:
28.8¢ Sentiment: LT Buy Disclosure: Held
