another chinese takeover in eritrea?, page-3

http://seekingalpha.com/instablog/485861-proactive-investor/822431-sunridge-gold-closes-first-tranche-of-9-25-mln-private-placement

The total $9.25 million private placement deal will see Richstone snag a 19.8 per cent equity interest in Sunridge, assuming the warrants are exercised in full.

Richstone will also have the right to participate in any equity financing of the company in order to maintain its pro rata interest, as long as Richstone holds at least 10 per cent of Sunridge.

Under the terms of the financing agreement, Richstone will be entited to nominate a representative to the company's board of directors, so long as it holds at least 5 per cent of Sunridge's issued and outstanding shares.