Wheels Group Inc GRFJF

RE: C$30M Bought-Deal Offer at $3.05

[nwtfe]

Maybe, but why is there addtional financing required when this mine is fully financed? Also, the reason given "general corporate purposes" is weak. Tell me you're over budget, tell me you want to drill more, tell me anything, but don't tell me you need 30 Mil in working capital. I get very worried when companies dilute shareholder value with no clear indication as to what those funds will be used for. I'll sleep on this and keep an open mind with other posts, but unless there is some clarification from the company I'm inclined to take profits here.