GREY:LRESF - Post by User
Comment by
Stoogeon Feb 24, 2014 11:00am
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Post# 22242592
RE:Lakeland Resources Announces $2 Million Private Placement
RE:Lakeland Resources Announces $2 Million Private Placement
The private placement might be a hard sell. Who would pay .21 for a unit when the share price is struggling at that price? They would get a warrant exercisable at .30 ... so they would need .35 and up to bother exercising.
It is a hard sell as you can tell from having to farm out the pp and give up 8% commission plus a load of warrants to the banker.
I won't be waiting around for .35 with all that stock floating around. It is going to take a lot of promoting.