LED.H//UrtheCast UrtheCast Financing
Under the Arrangement Agreement, UrtheCast is permitted to raise additional capital by way of one or more private placements of its common shares prior to the completion of the arrangement (the "UrtheCast Financing"). Concurrently with the execution of the Arrangement Agreement, UrtheCast completed an initial tranche of the UrtheCast Financing by issuing approximately $5.6 million of common shares to a group of investors that included Longford. If the arrangement is not completed, the investors (including Longford) in this initial tranche will have certain rights to require UrtheCast to repurchase their shares and, in certain circumstances, to appoint one member of UrtheCast's board of directors. The Arrangement Agreement provides UrtheCast with the flexibility to issue up to an additional $14.4 million of common shares under the UrtheCast Financing. Canaccord Genuity Corp., Cormark Securities Inc. and Clarus Securities Inc. are acting as agents to UrtheCast for the UrtheCast Financing UrtheCast does not have the $63.5 milloin cash so it looks to me they will get Longford for $8 million or less, SO UrtheCast LETS SEE THE CASH and NO BACK ROOM DEALING. PERIOD.