RE:RE:IPO info1...74%
2..two one in Australia and one in Canada
3.....80-100 %
4...Persistence will receive all funds from the IPO and will become the operator of the two mines.
Majestic will perhaps contribute some cash and Persistence May also get a bank loan.
Majestic estimates its working interests will decline from 74 % to about 50% but production gains will much more than cover the decrease in working interest ie Majestic will see a substantial increase in production net to its working interest