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Printable version |
From: | "Oliver Shapleski" <oliver.shapleski@vuw.ac.nz> |
Date: | Wed, 29 Mar 2000 00:40:17 +1200 |
Can someone please fill us in on the background to
this announcement? If someone could also please explain to me what
"mezzanine funding" is, and what "possible future sponsorship of capital
raising" means in plain english, I would be ever so grateful...!
Cheers,
Oli
GEN: PRM: RESPONSE TO PRICE
ENQUIRY
In response to an ASX price enquiry, Pacrim Energy has announced that it is involved in negotiations relating to opportunities outside the resource sector and successful finalisation of negotiations will not result in any change to the company's main undertaking, but rather the earning of equity by the company through the provision of mezzanine funding and possible future sponsorship of capital raising and listing on the ASX |
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