RE: RE: wow The way I read the NR regarding the need for additional financing is twofold.
First, cash is required to meet on-going payables. The timeline to meet this requirement is immediate as they state that "...identified issues relating to liquidity and the ability of the Company and its subsidiaries, including Sangdong Mining Corp., to meet various payables beyond the next few months.".
Second, cash is require for additional technical work and assessment. The timeline for this financing, one could assume is more medium term, as they state " ...identified considerable additional test work necessary to bring the project to commercial preparedness. This will require additional funding to complete."
Of course, they can and will try to raise funds to meet both of the above noted needs with a single round, but they don't have to. But, for the sake of the SP, it would be most advantageous if they raised the funds thru a single round to meet both requirements and to do it as soon as possible.