lol Pensador won't fund CVI, but expect CVI to buy an equity interest in Canzar with a $14mill credit lol. Just GET YA CASH BACK!!!! Oh they can't - its probably been spent already.
Sparkler
Read the announcement.
To acquire this equity stake in Canzar, CityView would receive a credit for the AU$14 million that it paid for its Pensador shares. CityView would return its Pensador shares and in consideration would receive a percentage of the capital of Canzar as determined by an independent valuation of Canzar’s assets.
CVI will lose its Pensador shareholding, but gain the Canzar one.
This in itself is a positive - there is still value in CVI's shareholding of Pensador.
CVI Price at posting:
2.8¢ Sentiment: ST Buy Disclosure: Held
