Pezim juniors await financing

Murray Pezim’s new flagship, Prime Equities (VSE), and a host of juniors under its corporate umbrella are expecting to announce details of an agreement with a major mining company for the provision of future senior financing. .TThe agreement was expected to have been announced this week, but it was delayed pending approval by the board of directors of the major’s parent company. Prime Equities President Chet Idziszek would not disclose the identity of the major, except to describe it as an internatio nal mining company.

But persistent rumors are that senior financing to Pezim’s stable of companies will be provided by Kennecott, owned by RTZ Corp. of Great Britain. Local mining analysts say the agreement would provide a financial and “psychological” boost to northwestern British Columbia where Prime group companies dominate exploration activity.