This what we're after!
It's really only a notice of meeting, but remember what happened last time they announced the meeting re: spin off? 100% increase.
GPN will be victorious with this revised capital structure and ownership split. It guarantees two aspects:
1 - Cash in the bank for GPN - and drill peak hill (very soon)
2 - Cash to YRR to drill Gabba
= 2 major drilling programs.
As stated, the Gold is the first & foremost company focus. Expect a drilling announcement very soon.
All up from here
This is a significantly better deal than the previous deal, but no bonus shares (does'nt matter), but GPN's major holding will srongly increase it's sp in the short term from this point, as YRR will drill as soon as listed.
With good Gabba drill results on Vanadium (Huge), GPN will further benefit, and have rights of further security sell offs, by way of partial public offerings, of it's YRR 69% interest - At that point GPN shareholders will further benefit.
So in the short term: $$$$$'s for GPN holders - A JV announcement would be interesting.....
Medium Term: $$$$$$'s for holders
Long term: more of the same.
I congratulate the Directors on their perseverance and continued focus, in reviving the deal. Thank you.
No problems Raising a few mil for YRR to lift off. Underwritten properly this time, which means brokers involved, and strong overall coverage & interest by markets.
BUY GPN.
GPN
greater pacific gold limited
