GREY:DRGDF - Post by User
Post by
justlikethaton Nov 23, 2008 1:39pm
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Post# 15604900
Anyone pick this up
Anyone pick this up"
Sale of Detour Gold Corporation Shares
Pelangio disposed of 640,100 common shares ("Detour Shares") of Detour Gold Corporation ("Detour") during October and November 2008 and currently holds a further 359,900 Detour Shares for investment purposes. The Company sold Detour Shares during this period to fund the repayment of $3.15 million owing under the terms of an aggregate principal amount of $3 million 10% promissory notes (the "Notes") issued on May 21, 2008, which are due for repayment on November 21, 2008. The board and management remain otherwise satisfied with the Company's investment in Detour. "
https://www.marketwatch.com/news/story/Pelangio-Announces-Encouraging-Results-From/story.aspx?guid=%7B0F9175E9-2EF3-4914-AC1D-E118E4DBDD22%7D
Not a huge deal but interesting none the less