GREY:CRXEF - Post by User
Post by
Goldman2004on Dec 04, 2010 5:09am
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Post# 17800313
Private Placement
Private Placement
I used to own a few shares of Franco nevada and I had a return of 200% and I know the managment is great. Franco Nevada had a private placemet with creso Exploration .
. , QUEBEC, Sep 21, 2010 (MARKETWIRE via COMTEX) -- Creso Exploration Inc. ("Creso" or the "Corporation") /quotes/comstock/11v!e:cxt (CA:CXT0.68, , +7.94%) () is very pleased to announce the signing of an agreement to complete a private placement ("Private Placement") with Franco-Nevada Corporation ("Franco") /quotes/comstock/11t!e:fnv (CA:FNV33.64, -0.19, -0.56%) . Franco will purchase 1,415,094 common shares of Creso at a price of $1.06 in a non-brokered private placement for an amount of $1,500,000. The purchase price was set at a 15% premium over the 20-day volume weighted-average market price prior to this announcement. so I am sure franco nevada would have not invested in creso exploration if they were not confident in the company. Good luck to all.