Prospectus
Does this not mean the filing of the $50m shelf prospectus can be used over the next 25 months as the company requires funds? This does not mean the company will use all of the prospectus right away but gives them the flexibility as they see fit, if needed. The company has said they have enough cash on hand until Q4 2015. By filing this, it takes away any major cash concerns over the remainder of the year and beyond. Depending on how much they decide to exercise, does this not give them a better position to deal with potential partners, buyouts or going it alone?
I think doing this prospectus it better than a full blown financing, this allows greater flexibility.
Hopefully the company does the right thing for shareholders and this prospectus gets the ball rolling to completion. We have endeared many things over the past years, hopefully we can get this to the finish line and everyone wins.
Does anyone know if the $1.25 Euro Pacific target included any future financing or was it based on current shares outstanding?