"Additional funding from Pine BrookCRR has entered into...

"Additional funding from Pine Brook

CRR has entered into agreements where Pine Brook has the right to invest up to US$100 million to advance the exploration and development of the Rocky Mountain and Pacific Northwest projects in the US. Future funding by Pine Brook and Comet Ridge Ltd, after the initial restructuring, is subject to approval by the CRR board and by Pine Brook.

Pine Brook has the right increase its ownership in CRR to 80% by funding the next US$19 million of CRR’s capital spending. From that point, Comet Ridge Ltd has the option, but not the obligation, to fund 20% of any additional capital spending to maintain a 20% interest, or may continue to be diluted down to a minimum interest of 5% without being required to fund any additional capital spending"


We may end up with only 5%!!!

Why not do a rights issue/s in COI and let Pine Brooks subscribe under the rights issue or buy on market?

Regards

SP