Still a great financing Terms ammended--not ideal, but I believe Ian must have *agreed* to ammend the terms..a bought deal is a legally binding agreement as far as I understand. The amount being raised is relatively small and whether $5M at
.35 or $3M at
.30, the purpose is the same----to cash up for another year or so while the market regains its footing.
Note the financing still includes *no warrants* and *no 6% fee* to the brokerage.
Moneta is currently getting about $15/ounce on 3M ounces. This is a joke, let's not kid ourselves. at 3M ounces they are in with the big boys in Ontario like GCU and TRR--both of which get $50/ounce or more.