(MENAFN- ProactiveInvestors)GRF Prime will have a 2.2% stake in China-focused Primeline Energy (CVE:PEH) after receiving 3.1mln Primeline shares for services rendered. The shares nominally priced at 16 cents each are payment for the US$376000 share finder's fee on a US$10mln principal amount tranche of A convertible bonds and a US$8mln principal amount tranche of B convertible bonds issued last year to GRF a resources fund managed by GEMS Investment Management Ltd. of Hong Kong. Shares in Primeline were unchanged in lunchtime trading in Toronto.
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