I found this quite amusing;
"Shareholder approval of the transaction is not required."
So they sell 6.3% of cash flow at 'preference' to Camif, when cash flow is extremely minimal. Any thoughts PP, P100?
"Mr Brian Johnson, Executive Chairman of PanTerra Gold Limited, said the Company should benefit from a long term association with CAMIF."
The company as in shareholders? It looks like the company is anticipating more 'investment' by CAMIF and thus more dilution.
"Because CAMIF cannot directly attach to project cash flows or purchase shares in the project due to constraints by project lenders"
So project lenders (Macquarie Bank) wont lend to the company anymore....
PP, P100 - the marketing machine - provide some shareholder value!
"The transaction should not be dilutive unless the Company is the subject of a successful takeover, or in the unlikely circumstance of default."
Well at least they used the word default!
I found this quite amusing;"Shareholder approval of the...
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