The press release on January 19th said: This is expected to be the last change in capital structure to complete the portfolio of growth and ventures the company will be pursuing, barring any major joint ventures that may be pursued.
As I understand it - and I should say here that my understanding on this is very limited - a large mining company may want to negotiate a shareholding in a junior explorer as part of an overall deal, which might potentially encompass more than just one specific mine opportunity. This gives them a slice of the inevitable hot PPS action once the partnership is announced and joins the two company's fortunes together more securely. I may be completely wrong on this, so if anyone here has some experience please do chip in.
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