PC Gold Inc Ord PCGLF

RE:Dilution is Pollution

[Raptor7]

Something really makes no sense here.  This private placement closed on May 8th at a stated price of five cents.  Insider transactions suggest the PP was taken down by three insiders and not at the stated five cents but at $0.0385.  Can someone please explain?

And as Vantrader says, why should there be 1.4 milion broker warrants (a full 10% of the PP) when part of this placement appears taken down by insiders?  Similarly, why is 9% being paid on this full amount?