page 18 of new presentation 32 million new shares to raise $8 million dollars. So a stock that has traded over 35 cents for most of the year except the last month, is now going to sell 60% of the total outstanding shares at a 30% discount while all the shareholders who have purchased shares at 35 cents or higher for the last year get shafted.
Maybe the company doesn't care if existing shareholders lose 10's of thousands of dollars but I sure do.
This is the type of outrageous behavior that makes investing in Canadian Mining companies not worth the paper it is written on. Never again will I trust any of these people.
I am so mad I could scream. Plan to be there at the New York metal conference.