FEC Resources Inc (FECOF)

[moondoggy]

I was interested to see this in the June 2010 20-f. The stock was trading in the .008-.013 range. Why such a high premium?

In April 2010, we completed a private placement with Philex Mining Corporation of 5,000,000 shares at US$0.50 per share.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7361725