New structure Let's figure out the new share structure!
Conclusion of $0.076 PP - 57,090,118
Conclusion of $0.30 PP - 69,090,118
Cash on hand was $2.2 Million. Will now be $5.8 Million. If fully subscribed. Which I highly expect it will be.
If all .12 and .17 warrants are cashed.
There are 27,773,024 at .12 for $3.3 Million. (rounding).
There are 12,000,000 at .17 for $2.04 Million.
Total cash position with all warrants cashed = $11.14 Million.
If this were to play out. Stock would have 108,863,142 shares out.
If brokers warrants and Eastmain shares are issued. It probably takes us to about 115 million shares outstanding fully diluted all in. This scenario likely means $11.5-12 mil in cash.
The original exploration plans called for a $2-2.5 million dollar budget. Odds are this money expedites dewatering and potential underground drilling as early as this summer! As well as the surface expansion focus program originally planned.
Really excited to see how this focus shifts to expansion and development with clearly so much capital support behind this!! Early days, but really liking the trend here!!
Going to be an exciting summer!!