TSXV:RUN.H - Post by User
Comment by
lnatolion Dec 04, 2006 7:10am
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Post# 11798000
RE: handcuffed...
RE: handcuffed...Here is an excerpt from Sept 22 Financing news release
Running Fox Resource Corp. has completed its $500,000 private placement financing by three members of the management team for 625,000 units at 80 cents per unit, with each unit comprising a flow-through common share and a share purchase warrant. Each warrant is exercisable into a further common share in the first year at $1.10 cents and $1.50 cents in the second year. The securities have now been issued and have a four-month trade restriction expiring January 5, 2007.
Given this. I would wait to see if I could at least get somewhere near the $1.10 amount before getting out in the near term. after January 5 you may take somewhat less if you are so inclined. Personally I would just hold onto it given the strong ownership belief in its own company and the whole upside for this company.