RE:RE:What’s in it for Shore? Chreca1:
Look no further than PB's CEO's comments on yesterday's NR (that you posted) to find the purpose of the PP. And voila his stated purpose matches your "safe word" plus another key word that I also look for. And a hint, it's not "Moruga Scorpion Pepper". In fact he is quoted as saying or "shouting" the $12 million is necessary in order to:
A C C E L E R A T E & U P D A T E
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Paul R. Baay, President and Chief Executive Officer, commented:
"The results of the first two wells drilled at Ortoire have exceeded our expectations, and as a result the Board has decided to complete the Placing in order to accelerate exploration drilling <ED> on the property.
We are delighted by the support we have received from new and existing investors. We continue to thank our shareholders for their ongoing support, and we look forward to continuing to update shareholders as the exploration program continues."
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Not sure what is hotter his words "accelerate" or (Google) "Moruga Scorpoin Pepper", I'll have to check with the local "doubles" man (and TXP expert) on High Street ,Sando for his opinion on using those TWO key words in the same NR comment. LOL.
Cheers
Stanley