Post by
BPCC24 on Jun 14, 2017 9:33pm
New capital raising .
once this Lithea acquisition is done there is no more money . Lsc wil need to raise funds, about $16mill for drilling these salars and 12 months working capital . Could be looking at +150million shares outstanding in the next few months .
Comment by
ogod00 on Jun 15, 2017 2:03am
I have buried a lot of Money in argentina madalena cwv and some iodine play the lundins were running , it is a tricky place, companies Are greeted with Open arms then somehow bleed out , until some helpful local steps in , i Do not imagine sprott keen on second financing, what positive developments are on horizon ?
Comment by
ogod00 on Jun 16, 2017 1:21am
sprott onboard Another black box lgenerating lithium , proprietary of course , cost unknown https://www.stockhouse.com/news/newswire/2017/06/15/time-to-bet-sprott-takes-position-mgx
Comment by
BPCC24 on Jul 28, 2017 2:44am
Here it comes slightly more than I anticipated, from the q3 report On July 27, 2017, the Company engaged GMP Securities L.P to act as a broker with respect to a proposed "commercially reasonable best efforts" private placement of up to CAD $20 million to fund the Company's accelerated and expanded exploration program.