Massive dilution time again...ouch for shareholdersOn August 9, 2021 the Company filed preliminary short form base shelf prospectus, which it may from time to time offer and sell the following securities: (i) common shares in the capital of the Company; (ii) debt securities of the Company; (iii) subscription receipts exchangeable for common shares and/or other securities of the Company; (iv) securities convertible into or exchangeable for other securities; (v) warrants exercisable to acquire common shares and/or other securities of the Company; and (vi) securities comprised of more than one of common shares, debt securities, subscription receipts, convertible securities and/or warrants offered together as a unit (“Units” and, together with the common shares, debt securities, subscription receipts, convertible securities and warrants, the “Securities”), or any combination thereof having an offer price of up to $200,000,000 in the aggregate
Remember when Ph 1 mining was supposed to pay for Ph 2
What a whopper that was