GREY:BSRAF - Post by User
Comment by
GoldTheoryon Jun 20, 2014 10:35am
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Post# 22679357
RE:The news! PP at ,057 cents
RE:The news! PP at ,057 cents
The link posted above is not the news release, its some kind of scam newsletter (seems it always is when its a tinyurl link). Here is an actual link:
https://www.juniorminingnetwork.com/junior-miner-news/news-releases/1138-tsx/bez/30469-besra-and-victory-corporation-agree-terms-for-a-us-14-25-million-placement.html#.U6REfmdOWHs
This deal is very dilutive but will allow Besra to pay back Europac the money it owes, advance the new project (bong or bau? I get the names mixed) and provide working capital for quite some time. This deal was literally a life saver and the fact that VCG was willing to invest $14million says they have a lot of faith in Besra going forward.