Wendell Zerb, Canaccord Genuity estimated CA$69.5M in working capital.

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bill40

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Wendell Zerb, Canaccord Genuity estimated CA$69.5M in working capital.

posted on Feb 24, 2012 11:54PM

Expert Analysis

Wendell Zerb, Canaccord Genuity (2/24/12) "Prodigy Gold Inc. issued an aggregate 50.7M shares (common and flow through) at an average price of CA$0.84 per share, for gross proceeds of CA$42M; the financing is expected to close on March 5, 2012. . .the company is now financed for 2012 with an estimated CA$69.5M in working capital. For 2012, PDG expects to complete Magino’s Feasibility Study in 2H12, formalize consultations with First Nations and complete required environmental studies and submit the project description to the Ontario Ministry of Northern Development, Mines, and Forestry."

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