Or is it this look at the hold period lol
Pistol Bay Mining Inc (formerly Solitaire Minerals Corp.), a diversified mineral exploration company focused on precious and base metal properties, completed the non-brokered private placement of 4,040,000 non flow-through (NFT) units at a price of CAD0.06 ($0.6) per unit, for gross proceeds of CAD0.24m ($0.24m). The placement was partly subscribed to by Steve Jeske for 85,000 units, Mary Wong for 85,000 units, Kerry Chow for 200,000 units, Jacqueline Chow for 400,000 units, Roberto Chu for 200,000 units, Judy Chu for 100,000 units, Victor Chu for 100,000 units, and Doug McFaul for 85,000 units. Each NFT unit consists of one common share and one whole warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of CAD0.1 ($0.1) per share for 2 years from the date of closing. All the securities issued in connection to the placement are subject to a four month hold period, expiring on April 12, 2013.