RE: Significance of News?Flow through financing means that the purchaser of the stock gets a share of stock at the agreed to price, and gets to deduct the purchase on his tax return. The company must spend this money on a project in Canada that qualifies for this special treatment, usually exploration.
The company renounces the right to deduct any losses from the value of the stock sold. In other words, if the company takes in $2m, and spends it unsuccessfully on a property that gets written off as worthless, they still don't get the tax deduction on the $2m against any other income/operations because the purchaser gets to deduct it in the year paid. No double deduction.
These flow through prices are usually at a premium to the present price (Miramar sold flow through in July at a substantial premium to the stock's price at that time). How much of a premium isn't set in stone, it's negotiated.
My take is that the company needs money for the extra holes. It's my opnion that the later holes to the west get better in grade, which is why (again, I believe) the drill core from NC0755 was "jumped" ahead of some of the earlier holes based on visual inspection of core.
Only assays will tell the true tale.