RE: RE: Anon.. endless paper from march monthly progress report: it's good to churn through these warrants as well as all the other lower ones as soon as possible, however, as frustrating as this may seem--we will have another 13 million plus some to go through when the time comes at the $1.00 mark as well. so how this will impact the upward mometum of this equity remains to be seen, however, leede as i have stated in the past as to my suspicion is management acquiring the shares--look to www.canadianinsider.com and see that management is buying a good chunk. like i said, if people wait they may be able to get $1.00 shares along the way even if this equity trades higher--it all depends on when the warrants will be exercised and if they are fortunate enough to acquire them because management is generally well positioned at several rungs to acquire in good chunks. look it is as i had mentioned in the past when i talked to management and was given this response "we control our shares" i didn't quite understand what that meant then or how it was being done but as i have been invested here i think i now do--just as i am saying is what i believe is the case. when i save up some money i will look to buy within the dollar price point despite what these will trade at because i know there will be 13 million plus warrants to churn through and that will take some time--and provide buying opportunities albeit as i have stated and agreed to not necessarily guaranteed--but that is my price right now and for some time until the 13 million warrants are finally done! glta
On March 12, 2013 the Company announced pursuant to a press release issued February 20, 2013, that it has completed and has accepted, on an oversubscribed basis, the closing of a non-brokered private placement of a total of 698,000 units ("Units") at $0.75 per Unit to raise gross proceeds of $523,500 (the "Unit Offering").
Each Unit consisted of one common share of the Corporation ("Common Share") and one-half of a Common Share purchase warrant, with one whole Common Share purchase warrant entitling the holder to purchase one additional Common Share at a price of $1.00 per Common Share for a period of one year from the date of closing the Unit Offering. The Unit Offering is subject to applicable regulatory requirements and CNSX approval.