Very good move. Pacific have 19% odd which gives them ability to sell out to Glencore or do a buyout at some stage doesn't it? The additional shares on issue is not outlandish compared against many others. But chiefly there is now funding to give Rimas the means to crack on with exploration in tandem with mine construction. Very good work that he can enlist financial support as required. Says a lot for potential here, doesn't it?
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- funding for up to $25m from pacific road capit
funding for up to $25m from pacific road capit, page-15
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