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Waterton and loan irony

There's an old saying about how a bank will only lend to people that don't need it. This morning's best NR from Mininglandia is like the flipside of that...

"TORONTO, June 14, 2016 /PRNewswire/ - Waterton Global Resource Managemen ("Waterton Global") is pleased to announce the final closing of its third private equity fund Waterton Parallel Fund (the "Parallel Fund"), with total capital commitments of U.S. $725,000,000."
...because any mining company stupid enough to borrow from Waterton, kings of the Death Spiral, is so desperate for cash that they aren't worth looking at anyway.