~$100m usd issue underwritten @ $6.50 cdn, page-6

re: increased - now 23 million issued They surely must be buying more Gecamines properties with that money.
These new investors must surely know what the money is being spent on so it's disappointing that BT hasn't come out today saying where the money is going.
A lot of extra shares to service for ever & a day - don't know why they are so afraid of raising debt levels if they are so confident about the future of the DRC - there are plenty of companies now investing there in projects for which they are raising lots of debt to finance operations.
Is there a wildcard here such as a Philippines gold project - probably not.
This 2% shareholder now becomes a 1% shareholder - and will reserve judgement until their expansion plans are revealed.