RE:RE:Bobbys pond acquisition. More Info...
In conjunction with the agreement on the Bobbys Pond property Mountain Lake has agreed to subscribe for 3,500,000 new ordinary shares of Minco PLC at a subscription price of 0.04 British Pounds per share for total gross proceeds of 140,000 British Pounds. This share placement will provide Mountain Lake Minerals with an ongoing indirect interest and exposure to Minco's other exploration assets in Newfoundland and elsewhere.
Note Mountain Lakes is buying shares at 4 pence...
MIO trades at 2.15 pence...
Nice premium...