TSXV:WMG.H - Post by User
Comment by
Abriana90on Dec 11, 2013 11:39am
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Post# 21994485
RE:RE:This is interesting BUT?
RE:RE:This is interesting BUT?It's ScanMag who has to come up with the $30 million. There will be no dilution of NVM shares.
"The formation of the Joint Venture is expected to be completed on or before January 31, 2014, subject to ScanMag closing on an expected $30 million project financing"
And if you look into it and do a little digging you will find that ScanMag is owned by the Norwegian gov. Also their project in Norway fits right into their restructuring plan.
So as I posted earlier I don't think that raising 30mil is going to be an issue.