I currently hold some Zinifex Instalment warrants and was wondering how these will be affected by the proposed merger with Oxiana if it goes ahead.
I realise I can trade them on the ASX at any time as long as I am prepared to pay market price. I bought them when the price was $14 so I am hoping that ZFX would rise past that so I can sell them.
They don't need exercising until November 2008, so there is a good chance that a merger, if it takes place, will happen before then.
So what happens to those warrants at merger time?