In the Oct 3 interview with Highgrade Review
http://www.highgradereview.com/john-lee-prophecy-coal-tsx-v-pcy
our CEO indicated
and that was before the new issue from NKL
(it also probably does not include the approx 1% indirect ownership due to the mutual investment of PCY and NI)
There was a sale reported that reduced the holding, hence no longer 45% pre-placement.
Recent SILEF News
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