The Valentia / Eastasia proposal for the first US$15ml will take the Val/East holding to 14.3% of EVM LTD with out any of the additional US$200ml for EVM LTD, while the Board /Management will be on 30.1%. I am sure they (val/east ) will be looking to increase that.
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- Ann: Valentia Lifts Investment Proposal
Ann: Valentia Lifts Investment Proposal, page-34
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