Post by
givemeabreak1 on Oct 15, 2020 11:49pm
My bad I missed the Memo!
I guess this whole financing thing will teach you to never assume! So the original financing deal had 1 million in FT financing which is good cause they have to spend it on exploration not on management fees and stock promotion. However, I noticed somthing peculiar so the final news release says over subscribed finacing that is usually a good thing. Now the big thing that originally caught my eye was the sudden cheap price. What I did not notice was the flow through component was suddenly only 200k???? Is that correct? Did I read that right?
Comment by
Specific on Oct 16, 2020 10:44am
The flow through funding will consist of 12,500,000 flow through units ("FT Units"), priced at $0.08 each for gross proceeds of $1,000,000. The flow through funding consisted of 2,550,000 flow through units ("FT Units"), priced at $0.08 each for gross proceeds of $204,000. hmmmmm........
Comment by
JaysFan1 on Oct 16, 2020 10:49am
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Comment by
givemeabreak1 on Oct 16, 2020 11:38am
Jays I guess what Specific was Hmmmming about went over your head!!!!!!!!!!