The Pacific Road Resources Funds, which are managed by Pacific Road Capital Management, have made another investment in First Bauxite (TSX V: FBX), investing CAD6 million. PRRF acquired about 11.3 million units, consisting of one common share and one half of a common share purchase warrant, for CAD0.53 apiece. Assuming full exercise of the warrants, the units represent a 21% share in the company. First Bauxite explores and develops bauxite deposits.
