Pembridge Resources PLC (LSE:PERE) (LSE:PERE) chief executive Gati Al-Jebouri joins Proactive London's Katie Pilbeam to explain how the C$30.5mln (£17.5mln) of capital has been committed to Minto Explorations Ltd ahead of its listing on the TSX Venture Exchange via a reverse takeover.
The capital raising was priced at C$2.60 per share, implying a valuation before listing of C$156.6mln, or C$187.1mln after listing.
Pembridge invested C$3.8mln of this new capital to maintain its shareholding in Minto at 11.1%.