CVI cvi energy corporation limited

in one end and out the other

  1. 9,445 Posts.
    Can someone please explain how CVI places 18.5% of Canzar / ADH into Fortitude and loses 22% of Fortitude as a prize for doing so. Ahhh. don't bother.
    ...........................

    August : CityView owns 24,646,403 Fortitude shares,
    out of a total issued capital of 54,832,103
    Shares (approximately 45%).

    September : the principal shareholders of
    ADH merged their shares with Fortitude. CityView
    has the right to transfer its 18.5% holding in ADH to
    Fortitude on similar terms prior to December 31, 2009.

    When CityView merges its shareholdings, it will own
    75,088,849 Fortitude shares representing 22.93%
    of the total issued capital of Fortitude
 
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Currently unlisted public company.

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