RE:we have newswhat is a Private Placement Subscription Receipt Financing? Each Subscription Receipt will automatically entitle the holder to receive, without payment of additional consideration, one common share ("Common Share") and one half of one warrant (each whole warrant, a "Warrant") of the Company C$8,000,000 subscription receipts plus a non-brokered private placement on the same terms for gross proceeds of up to C$600,000 so at what price is the ppsr? 8000000/125,000,000 = 0.064cents?