That should be about 25% doneThey own about 1/3 of the company
As a result of the two closing, the Corporation has issued an aggregate of 23,675,504 Units and 39,970,000 flow-through shares for aggregate gross proceeds of $6,127,795.30.
Casimir Capital Ltd. (the "Agent") acted as agent and was paid a cash commission and was granted additional warrants ("Agent's Warrants") to purchase 191,975 Common Shares at a subscription price of
.09 per share, such Agent's Warrants being exercisable until December 15, 2012.
All securities issued on June 30, 2011 are subject to a four month hold period under applicable laws until October 31, 2011.