buts news anyway,
Over 80% of the Private Placement was taken-up by Lundin Mining Corporation CA:LUN 0.00% . The Private Placement is designed to provide Lundin with an immediate 15.4% ownership of Salazar on a partially diluted basis after giving effect to the warrants held by Lundin. The Company has granted to Lundin a non-dilutive right where they may participate in any future equity financings conducted by Salazar so that they may maintain their ownership percentage. Additionally Silvercorp Metals Inc. CA:SVM +0.49% participated in the Private Placement to maintain their pro-rata interest which currently sits at 10.7% on a partially diluted basis after giving effect to the warrants held by Silvercorp.