RE: Financing is Complete!
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Check the companies website financing completed on the 21st on a total of 30,000,000 shares raising $6,751,000.
Financings are sometimes painful however we now have funds to progress this project further along. This is a very desireable project as it stands with infrastructure in place and a large deposit. This will attract a deep pocketed JV partner and then watch the price soar!
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Possibly Muley, we could impose on you to read a little closer. The financing is not yet complete.
It states quite clearly that they have filed the 'Final Prospectus' , that the financing is being done on a 'best efforts' basis, and that it is expected to close by December 31st.
Whether this ''will attract a deep pocketed JV partner and then watch the price soar'' would remain to be seen. The obvious question would be --with the stock reduced to firesale prices to complete the financing, what's taking this deep pocketed 'white knight' so long to show up when they could have stolen the company already?