RE:RE:RE:Fancamp holds a broad portfolio of mineral exploration assetIt looks like Fancamp added 332,313 multiple voting shares at a deemed price of $1.553 and now holds 1,103,223 multiple voting shares, which reporesents 3-10% of the shares.
Those additional shares appear to be quarerly interest payments
$34,500,000 X 6% = $2,070,000
per quarter = 1/4 = $517,500 quarterly interest
5 day average price of MVS = $1.553
MVS = 333,226 (rounding error)
Many more quarterly payments to go before maturity; then more shares to repay the principal amount.
From my perspective, a pretty good deal for FNC. At some point they will own a controlling interest in KWG, unless KWG gets taken out by Wyloo; which would actually be even better for FNC.