Insider Participation
No one really talking about how important this is. This is fresh capital they are coming in with. Very significant to me. To the knowledge of Burcon, after reasonable inquiry, all directors, senior officers and persons controlling over 10% of the Common Shares of the Company (collectively, the "Insider Group"), as at the date hereof, intend to exercise at least all of the Rights they are issued in connection with the Rights Offering for 14,165,073 Common Shares, representing approximately 32.2% of the Rights Offering (the "Basic Subscription").