RE: Lawrence Roulston says..Yes...but... Sir Lawrence fails to note that Copper Fox executives plan to dilute the crap out of the average shareholder by awarding warrants and options to company insiders.
According to Copper Fox, this is due reward for a job well done (i.e., if it were not for stellar work of these executives, the company might be even more undervalued). Good work Copper Fox executives!!!!! You are all golden!!
P.S.
My favourite so far is (i.e., what the ---- happended in 12 days??!):
Sept 16:
"Funding required for the feasibility study on the Schaft Creek deposit and to carry on other corporate activities is expected to come from cash on hand and the exercise of the warrants issued from the financings completed in 2009. "
Sept 28:
Mr. Elmer Stewart, President and CEO of Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU) is pleased to announce that subject to the approval of the TSX-Venture Exchange, the Company intends to complete a non-brokered private placement to raise up to $2,000,000 CDN in funds (the "Offering"). The Offering is expected to consist of 23,188,406 Units at a purchase price of $0.08625 per Unit, for aggregate gross proceeds of $2,000,000. Each Unit consists of one common share of Copper Fox and one-half common share purchase warrant of Copper Fox. Each whole warrant entitles the holder thereof to acquire one common share of Copper Fox at an exercise price of CDN $0.115 prior to 5:00pm on the one year anniversary of the closing date of the Offering.