PUM has the money for Murray Brook!!! I didn't see this one coming...the acquisition of Murray Brook Minerals (MBM)...a heck of a strategic move by PUM.
PUM is giving 36M shares at 0,06$ = 2,16 M$
PUM is getting:
-1 M$ cash;
-3 new nice properties in New-Brunswick:
-Legacy (Copper-Silver)
-Burntland (Copper-Silver)
-McKenzie Gulch (Copper-Silver-Gold)
-I guess that there is few more assets too;
-But MOST OF ALL, PUM won't have to pay 5 M$ to MBM at the beginning of the production (3 M$ cash + 0,25% NSR, so approx. 5 M$ as mentionned in El Nino's PEA).
With this move, the value of the project just skyrocket.
The new PEA is going to be impressive; the canadian dollar is weak, thez zinc price is high and there is no more 5 M$ to pay to MBM in the future.
If PUM decide to sell the deposit before taking it to production, the value is also going to be much more higher because of this move.
I am really impressed!
GLTA!