From company releaseYou guys do the math. It could be for 7 cents.
In addition, Energizer anticipates completing a non-brokered private placement on the same terms for gross proceeds of up to C$600,000 raising, if fully subscribed as to the brokered and non-brokered placements, an aggregate of C$8,600,000. In the event the Offering is fully subscribed, the Company has agreed that a total of up to 125,000,000 Subscription Receipts may be sold.