RE: Canaco to Raise $2.27 Million...Assuming this financing goes through, this is wonderful news for Douglas. Canaco owes Douglas a bunch of money for their JV agreement. Douglas cut them some slack in the payment area as Canaco lent a helping hand to them when they were just starting out.
What this tells me is SinoTech must have been extremely impressed with the diamond exploration results to plunk down this much money relative to Canaco's market cap.
My slate has been cleaned. I will welcome any questions concerning my trip observations and/or report. - Toby