RE: HOLY Share Dilution!!! This Prospectus will, subject to securities regulatory requirements, allow the Corporation to make offerings of common shares, units, preferred shares in series and notes or other types of unsecured debt securities (collectively, the "Securities") up to an aggregate offering price of $350 million during the 25-month period that the Prospectus
Yes I suspect there will be some share dilution, but it is indicatedd that debt or preferred shares may may issued as well. i would assume this avenue will be considered over 100% common shares. also, it is over a 25 month period so I assume (Hope) that there will be some strategy employed when raising capital.
Still this certainly isn't the news the market was looking for... still hoping for an EIS before year end.