20 May 2020capital raising announcement● NeutralMajor
The headline says New Pacific Metals Corp. is doing a C$25 million bought-deal financing and Pan American is doing a concurrent block trade of C$47 million. Only the headline is in the text supplied, so what Pan American sold, to whom, and whether it is selling shares of New Pacific are not stated. Inference only: the block trade is a sale of Pan American's shareholding in New Pacific.