The take up of approx' 388m of the new options in the announcement this morning provides a welcome cash injection to fund further exploration on GPN tenements and projects as well as further increases to tenements ( as stated in the prospectus item 2.12).
It's been some time since I have been a shareholder in Greater Pacific Gold but have been monitoring GPN for some months now and the cheap entry and prospects of some upside in the jv's and YRR have attracted my decision to invest. Speculative yes but the very low entry price allows plenty of upside over the next three years.
I'd expect that a lot of the shortfall will be taken up over the next month or two by similar investors.
GPN
greater pacific gold limited
970 grand added to company funds
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