Papuan Precious Metals Corp: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Papuan Precious Metals Corp receives TSX final approval on non-brokered private placement financing
Papuan Precious Metals Corp:Receives final exchange approval of previously announced financing that raised $776,000.As part of financing, company issued 4,850,000 common share purchase warrants with an exercise price of $0.12 per share, expiring June 24, 2016.Shares and warrants issued for financing are subject to hold period that expires on Oct. 25, 2014.As stipulated by Exchange, company will only advance portion of proceeds of financing as loan to company's newly formed subsidiary upon approval by shareholders of loan and plan of arrangement to be held in mid-Sept. 2014.
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