NON Brokered
This is very good news and its probably a done deal. They must have people lined up and just finishing the paperwork and the acceptance by the exchange. Nice that we got a small sell-off down to the finance price and rebounded to .10. There are willing buyers for those willing to part with their stock at this price. This means the project has been de-risked because we will own 100% of NYNGAN and the loans against it are removed. This was a huge hurdle and it is all but completed but for the announcement IMO.
Once we get the official announcement of acceptance by the exchange we should resume our move off the basement price.
If you look at a weekly chart of this stock it is a very nice GOLDEN CROSS happening and traders will take notice and enter. The completion of the financing will bring in another round of investors.
EMC will be at the Vancouver Cambridge resource conference for a brief presentation on June 1st. I will try and attend.