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Message: Chinese are participating in private placement of PEM

Chinese are participating in private placement of PEM

posted on Jan 22, 2010 10:16AM

http://www.stockhouse.com/Columnists/2010/Jan/21/Investor-angling--China,-flow-thru-warrants

The Chinese are not just purchasing physical properties controlled by Canada prospectors. They also are participating in private placements. One of those recent offerings, by Ticker Trax Planetary Prospect Premium Exploration (TSX: V.PEM , Stock Forum ), more or less was entirely taken up by a group of China investors operating out of Australia.

“We think they are happy campers right now,” Premium CEO Wilf Struck tells me, just one day after the prospector revealed enormous grades over multiple meters at its Friday Petsite prospect in Idaho.

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