GREY:SRSIF - Post by User
Post by
schtokhunteron Mar 20, 2009 11:58am
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Post# 15858760
MD&A Interesting piece
MD&A Interesting piece"Another indicator of the Matoush property’s promising future was the filing by the Company in November 2008 of an underground exploration permit application with the Canadian Nuclear Safety Commission ("CNSC"). Once it receives the required authorizations, your Company will become the first company in Quebec and the first so-called junior company in Canada in this uranium cycle, or nearly 25 years, to advance a uranium exploration project to the underground exploration stage. The other Canadian companies to have achieved this are Cameco Corporation ("Cameco"), Areva and Denison Mines. "
"The Company also retained the exclusive services of financial advisor Macquarie Capital Market Canada Ltd. ("Macquarie") to help it maintain and improve its favourable financial position. Macquarie will advise the Company on possible financings and financial strategy, including the participation of strategic partners in the development of its Matoush project
"
Nothing new that those who track the stock don't know.
10MM in the bank and a planned 20MM exploration though means another round of financing as we expected. Hopefully they push out a rights offering so we can all partake of the round but it will probably be another round of PP as it is cheaper to facilitate.