Rights Offering May Be Best Option for BGMA rights offering to existing shareholders might be best way to fund BGM in fairest possible manner.
Here is an example of a recent rights offering
Marlin Gold Succesfully Completes Rights Offering To Shareholders
https://www.marlingold.com/s/NewsReleases.asp?ReportID=597786&_Type=News-Releases&_Title=Marlin-Gold-Succesfully-Completes-Rights-Offering-To-Shareholders
August 13, 2013 - Vancouver, Canada - Marlin Gold Mining Ltd. (MLN: TSX.V) ("Marlin Gold" or the "Company") is pleased to announce the completion of its rights offering (the "Rights Offering") on the TSX Venture Exchange (the "Exchange"), which expired at 4:00 p.m. (Eastern time) on August 9, 2013. The shareholders of Marlin Gold, including Wexford Spectrum Trading Limited and Wexford Catalyst Trading Limited, the Company's largest shareholders, exercised rights to acquire 335,164,159 common shares of the Company under both the basic subscription privilege and the additional subscription privilege which resulted in the Rights Offering being oversubscribed by 35,080,262 shares. The Company has issued an aggregate of 300,083,896 common shares (the "Shares") at a price of $0.05 per Share for gross proceeds of $15,004,195 pursuant to the Rights Offering.
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If BGM really believed in CM and in its current shareholders then a rights offering would way to go IMO.
What do you say Frank? Go for it?