BUNKER Announces Second Increase to CAD $20 MillionThis is good news bad news.
Bad
They really could have waited to do a higher lift, especially in this market. Seems like they are doing some favours here to new shareholders at the expense of existing shareholders.
Good
Obviously there will be funds to conduct a significant work program and still make the payments coming due. Also, the share price will be released once the placement closes. It will need to run with lots of marketing to create volume and give all that paper a chance to sell.