RE:Doing Business in the PhilippinesAdditionally, wording in the NR is ambiguous:
("FTAA"), is required to list its common shares on the PSE. The Offering is a secondary offering of common shares, with the proceeds to be received by a wholly-owned subsidiary of OceanaGold.
Q'n----does this mean that Oceanagoldphilippines, all the initial shares were already on the Philippines exchange and that this 'secondary' offering is separate and apart, not a FTAA demand but Oceana's deal to raise money to pay off bank debt?
Then it says proceeds to be received by 'a' wholly-owned subsidiary? Is that another entity or just bad wording and means 'the' wholly-owned subsidiary, Oceanagoldphillipines. IMO