RE:financials: loss of 15.9m, revenue 497k, gross margin 13% On February 23, 2022, the Company filed a prospectus supplement to the Base Shelf Prospectus establishing an at-the-market equity program (the “ATM Program”) that allows the Company to issue and sell up to C$5,000,000 of common shares from treasury to the public, from time to time, at the Company’s discretion. All common shares sold under the ATM Program will be made through sales that are deemed to be “at-the-market distributions” as defined in NI 44-102 through the CSE or any other “marketplace” in Canada as defined under applicable securities laws.
As of the date hereof, the Company has issued 14,055,500 common shares with gross proceeds of C$1,307,608 under the ATM Program.
mingzhu wrote: cash 1.9m on hand by 2021. It should be nearly spent now.