MONIES RAISED FROM WARRANTS...
...AND OTHER INSIDE SOURCES SINCE THE MAY 15TH PRIVATE PLACEMENT ANNOUNCEMENT AND THE MAY 22ND ANNOUNCEMENT OF PROCEEDS FROM THE PP TO BE USED TO COMPLETE THE ACQUISITION OF THE 30% LEGAL AND BENEFICIAL INTEREST IN EXPLORATION PERMITS WITH SQUATEX , HAS SERVED TO RENDER THE NEED FOR ALL OR ANY OF THE PROCEEDS OF THE PP TO COMPLETE THE ACQUISITION VOID... AND FREES UP ALL PRIVATE PLACEMENT PROCEEDS FOR A NEAR TERM JOINT OPERATION WITH SQUATEX NEXT TO THE PROJECTED 4 TRILLION CUBIC FT GAS AND FOREST OIL DISCOVERY ZONE.
SO FOR THE MANY WHO ARE HOLDING BACK WAITING FOR THE CLOSED PP NR,,WORRIED THAT A GLITCH IN THE CLOSING MAY DERAIL THE SQUATEX ARRANGEMENT,,,..,1ST OF ALL,THE PRIVATE PLACEMENT MONEY IS IN HAND,HELD IN ESCROW,DONE DEAL,,..,SECONDLY, THE NON BROKERED PP PRESENTS ADDED COMPLICATIONS (SIGNINGS/EXTRA LEGWORK) OVER THOSE CLOSED MORE SMOOTHLY USING LICENSED BROKERS AND AS A RESULT HAS CREATED SOME DELAY...,,AND FURTHERMORE THE PP FUNDS ARE NO LONGER A FACTOR IN FINALIZING THE ARRANGEMENT WITH SQUATEX.
BUY ON THE DIPS,,,,....NO JIT....I JUST DOUBLED MY POSITION,,,,THANX FOR THE CHEAP SHARES.!