RE:SEDAR Its in the notice to shareholders. 125,000,000 shares, plus 62,500,000 warrants. That has got to be for potential mine financing, right? The company doesn't vote on the smaller private placements to fund current operations, does it? Some money from EGZ, some from Caterpillar, and some from whomever else they can arrange? Also note that, unlike the other things that will be voted on, the BOD is not reccomending that shareholders vote for this. It is consider and vote for if advisable. Could be that they need it on the table, but won't necessarily need it? Thoughts?
Here is what the notice says:
| | 4. | To consider and, if deemed advisable, to adopt an ordinary resolution ratifying and approving a private placement (the “Private Placement”) of up to 125,000,000 subscription receipts of the Company (the "Subscription Receipts") and approving the issuance of up to 125,000,000 Shares of the Company and up to 62,500,000 common share purchase warrants (the “Warrants”) upon exercise of the Subscription Receipts, and the issuance of up to 62,500,000 Shares of the Company upon the exercise of the Warrants, and approving the issuance of up to 7,500,000 broker warrants (the “Broker Warrants”) to agents assisting in the Private Placement, as partial consideration for their services, or as partial finder’s fees in connection with the Private Placement, and the issuance of up to 7,500,000 Shares of the Company upon exercise of the Broker Warrants. |