Zijin https://www.zjky.cn/publish/english/
Deal would maybe look something like this:
Pro Plat raises $30 mil from Minerals Fund,
https://www.mining.com/sprott-and-chinese-firm-set-500-million-minerals-fund-95190/
Minerals Fund will provide 3 tranches over the next 3 years to provide funds to progress the flagship project at Wellgreen. Tranche one will commence immediately of $10 million dollars in exchange for 10 million shares and 5 million warrants @ 1.50 for 2 years. These funds will cover Pro Plat's agressive 2013 drilling program and updated resource by the end of 1st qtr 2014. Tranche two will be effective on March 31st for $10 mil at the average trading price per share of the past 10 days for said amount of shares plus 50% warrants with a premium of 33% for a period of 2 years. These funds will provide for environmental studies, The First Nations cooperation, pre feas studies, admin expenses. Thranche three will be effective on March 31st 2015 for $10 mil at the average trading price for the last 10 days for said amount of shares plus 50% warrants with a premium of 33% (example share average$2.00 would be 5 mil shares and warrants of 2.5 million @ $3.00) for a period of 2 years. The funds would be earmarked for Mine plan and permitting stages. Pro Plat would like to thank the Minerals Fund for seeing the bright future of the Wellgreen deposit. Minerals Funds are happy to support such a fine management team with a great deposit and look forward to a long lasting relationship.
Mineral Fund and Pro Plat agree that the total amount of shares will not exceed 37% of the existing share amount 82,603,629 or (30,564,000 shares)as of 31st March, 2013 as to not dilute the existing shareholders beyond reproach and protect the integrity of the overall project.
Eric Sprott gets the finders fee...
and we get comfortable feeling of no worries of future funds until construction loans.
Dreaming or reality?