Potential S.P. threat???What is anyone's opinion regarding the potential sell-off of shares or warrants from October, as stated in the news release below...
The Unit Offering was priced at CAD
.60 per unit, each unit consisting of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable at a price of CAD
.85 per share for a period of two years from the date of issuance. The Company has the right to accelerate the warrant exercise if the Company's volume-weighted 20-day average share price trades at CAD$1.00 or higher. US$6 million raised from the Unit Offering is being held in escrow until the closing of the Transaction, and will be used for the acquisition of the Giyani Gold Project, exploration at the Company's properties and for general working capital purposes. US$2 million will be released immediately for general working capital. Securities issued in connection with the Unit Offering are subject to a hold period of four months and one day and cannot be sold untilFebruary 28, 2011.
TIA
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