RE:private placementFrom June 24:
https://www.wellgreenplatinum.com/news_2014_june_24_wellgreen_platinum_closes_6-9_million_bought_deal_financing.php
"These funds will facilitate the continued advancement of our flagship Wellgreen project and will enable us to take full advantage of the field season to initiate Pre-feasibility-level work, while we finalize engineering on the updated Preliminary Economic Assessment.”
From June 11: https://www.wellgreenplatinum.com/news_2014_june_11_wellgreen_platinum_announces_6_million_bought_deal.php
"The net proceeds of the Offering will be used for completion of prefeasibility study work on its flagship Wellgreen project, to further exploration on its properties and development and for general corporate purposes." m8magic wrote:
Are they committed to a drill program this year with the recent private placement funds or is it possible the funds will be used for reports and other non drilling costs ???