Ouch!!! Gold Bullion paid a cash commission to the co-lead agents in an amount equal to 8 per cent of the gross proceeds raised through them. In addition, Gold Bullion issued compensation options to the co-lead agents entitling them to purchase, at a price of 15 cents for 12 months, a number of additional units of Gold Bullion equal to 8 per cent of the number of units sold through them at the first closing.
In case anybody is wondering if this is a good sign it is not. 8% cash commisison for this kind of a deal shows how bad the market is for this stock.