SEDAR Interesting for me as follows from Sedar quick read:
14. SUBSEQUENT EVENT
On January 16, 2013, the Company settled the dispute with one of its vendors with respect to fees charged for drilling services. The Company has agreed to pay total costs of $812,279 including interest charges of $145,000. The settlement resulted in the following adjustments for the nine month period ended December 31, 2012: accounts payable and accrued liabilities decreased by $41,253; exploration and evaluation assets decreased by $186,253; and general and administrative expense increased by $145,000.
On January 31, 2013, 100,000 stock options were issued under the stock option plan described in note 7(c). The stock options have an exercise price of $0.94 per share and an expiry date of January 31, 2018.
Subsequent to the nine month period ended December 31, 2012, 3,950,000 share purchase warrants were exercised at a price of $1.00 per warrant for total proceeds of $ 3,950,000.
Which simply put adds 3.9 million to cash on hand.
and the following:
Escrow shares
9,225,000 common shares and 4,027,000 warrants of the Company held by Principals (as defined by the TSX-V) of the Company prior to the completion of the IPO were held in escrow. 10% of such securities were released upon completion of the IPO, and 15% will be released every six months thereafter, subject to acceleration provisions provided for in National Policy 46-201 – Escrow for Initial Public Offerings. In addition, 14,565,000 shares and 9,240,000 warrants held by non- principals prior to the completion of the IPO are subject to resale restrictions imposed by the TSX-V. 150,000 of such shares are subject to the release schedule noted above; 4,175,000 of such shares are subject to a one-year hold period with 20% released every three months, the first release being the completion of the IPO; and 10,240,000 of such shares along with 9,240,000 of such warrants are subject to a four-month hold period with 20% released every month, the first release being the completion of the IPO. As at December 31, 2012, 2,812,500 shares and 1,208,100 warrants were held in escrow (March 31, 2012: 5,625,000 shares and 2,416,200 warrants).
Still reading the filings.