#$%$ - This comapny should stay away from these types of investments down 40% already
Pan American will subscribe for 20,600,000 Common Shares of Esperanza at a price of $1.70 per Common Share representing a premium of 29% to the 20-day volume weighted average share price on the TSX Venture Exchange and a 48% premium to the closing price on February 22, 2013 (the "Offering"); and
You should read about whole transaction. By the way, it was discussed on this board in details. Did you miss it?
Basically, PAAS acquires big stake (40-45%) in a prospective gold miner with good projects. Let me know if you want more details.
My bad, missed it with all the spam. Funny transaction, an asset sale for stock a share purchase and a loan. Looks like they are trying the slw model. Good news form swl today should bode well for tomorrow. Bid/ask is up after hours