RE: RE: Increase in bought deal financing100% + profit after the last financing within 30-45 days of closing. Could repeat the same scenario here. Interesting to see the last minute increase in financing. Not sure what to make of it, who made that decision. Could be a stipulation of a preliminary joint venture deal. Maybe they needed the capital before the jv could get done. Either way, we'll be well financed now going into drilling two wells and a joint venture is less of a necessity and more of an option for us.
Still think this is a wise move to get the financing out of the way even though it is at a lower price. In my opinion, we are very quickly running out of time to make a firm committment to drill Eagle.
GLTA