PAN 0.00% 3.5¢ panoramic resources limited

News: PAN Panoramic Resources announces Gum Creek Gold initial public offering, page-2

  1. 894 Posts.
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    Am i on the wrong track? This sounds like double dipping.The way i read it----(Existing PAN shareholders get priority) means ---we will get first preference to raise the $15 mil,so in effect we are paying for them at full price,the same as Harry Hopeful,can get them if there is leftovers.Perhaps im missing something but PAN shareholders already own that asset---Else its called a capital raising---cheers
 
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