Long Run Explor Ltd Ord WFREF

Reading skills

[QUANTUMJUMP]

1. Changchun Sinoenergy Corp

   * Says it aims to raise up to 2.3 billion yuan ($354.06 million) in private placement of shares to fund project, acquisition, repay loans and replenish capital

   * Says part of proceeds to fund acquisition of Canada's Long Run Exploration valued at C$787.8 million ($622.72 million)

[baskcha1]

what if they don't raise the funds?

[BlueCollar51]

Completion of the Arrangement is subject to various closing conditions, including receipt of regulatory approvals. Long Run and the Purchaser are diligently working together toward the completion of the required Canadian regulatory approvals, including under the Investment Canada Act and the Competition Act (Canada). The Arrangement is currently expected to close in late April 2016 following the

[QUANTUMJUMP]

LOL "weasel clauses" have you read any takeover documents before? Go read BNK's if you want "weasel clauses"  $354 million to fund project,acquisition , repay loans and replenish capital  "part of proceeds" ($354 million total being raised)    you should google translate the  nr or not   ($354.06 million) in

[baskcha1]

i agree. the priv placement does not take long, unlike public share issues. they're getting the money by mid week for deposit by thurs; deal closes Friday!