Investor buyback? Can someone explain to me how this financing works?
What does this mean?
Industry legend Rob McEwen has joined with several other leading mining investors in providing the investor buyback of the proposed $20 million $1.25 per Unit Flow Through financing for Power Nickel.
Back-end purchasers may acquire the underlying common shares and Warrants from the front-end buyers of the FT Units, at $0.66 per common share and Warrant (combined).