GREY:GYPHQ - Post by User
Comment by
archimedes0070on Feb 07, 2011 10:18am
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Post# 18086204
RE: Price?...
RE: Price?...OK so they have arranged a $10M financing... Anyone with more experiencethan me at this know the next steps we should expect here? What price?Is it still possible this will be scooped up by one single entity or isthat completely off the table now? Could we see it oversubscribed oris that not possible now? How does filing a prelim-prospectus differfrom a regular PP?
red911,
The biggest difference between a private placement and this is the fact that a PP does not include a prospectus, whereas a short-form prospectus (shelf offering or secondary offering) is sold by prospectus. A shelf offering opens up the audience to more investors, and in this case it opens the audience to both Canada and U.S. investors. An investor does not require the Accredited Investor status to purchase a shelf offering.
This will probably sell quickly; maybe in a few large blocks.