RE:RE:Hurdles of Clear before any Yen from ZijinVeritas33 wrote: Approval should be a formality, doubt the company would make an announcement otherwise.
Such a major investment from one party, repersenting about 25% of OS, requires regulatory oversight and disclosure, that is the TSX way.
Bottom line is a big player, with deep pockets, is taking a major interest in this company. That is excellent news and will surely impact GYA in a positive way moving forward, IMO.
It may or may not be a benefit to SHAREHOLDERS of GYA to have Zijin buy shares ... but it will be a while before there is any Chinese money in the ground. Before that the 666,666 shares placed privately at .30 are due to trade in April. They will want to bail out at a profit so it will take a really good promo to get the stock trading over .30 to absorb that stock. News releases are not bringing in many new shareholders.