MickeyThe prices have already been set:
"CALGARY, Jan. 17 /CNW/ - Watch Resources Ltd. ("Watch" or the "Corporation") is pleased to announce that it will issue up to 8,781,663 common shares of the Corporation ("Common Shares") priced at $0.32 per Common Share ($2,810,132) and 1,428,571 flow-through common shares ("Flow Through Shares") priced at $0.35 per Flow Through Share ($500,000) on a private placement basis (the "Offering"). The completion of this Offering is subject to receipt of all required regulatory approvals including the approval of the TSX Venture Exchange. The Offering is scheduled to close on or about January 27, 2005."
And those flow-thoughs have a net cost
of 23.4 cents per share after all deals
have been factored in.