Roy Sebag acting at the lighting speed!
Our CEO should be check for taking "Enhancing performance substances". With the last news (yesterday), he cut the throat of our bullboard Chicken. Bigbird will never see this one falling around $1,35 in his living life and he knows it. XAU enter the market at $2,50 and went up immediately. The 3,8 millions warrants exercisable at $1,35 will be exercise in a short while (mid July) and only bring us $5 millions more in our coffer. The first PP was done only 99 days ago (100 as today) and the original investors who took part in it got a real deal at .90. The reason I'm saying this is because it's the same investors that are in at $3,65 only 99 days later. Can you imagine that. How many times we see the second PP offering at lower price with more shares issued than the first one (on Venture), because the company is struggling? I would say 95% of the time. So, for XAU, being able to receive $18 or $21 millions by issuing only 5,7 instead of having $12,2 millions for 11,7 millions shares (warrants exercised) like in the first PP, is amazing. One hundred days ago, investors gave us $1,05 per shares (including warrants) and now $3,65, a raise of 350% in a Quarter. The same investors didn't wanted to be left out for only 5,7 millions more shares for $21 millions while they already had 11,7 millions shares for only $12,2 millions (that means paying almost double as previous for half shares as previous). If this signal doesn't send the market a clear message, it's only a matter of time. Don't forget that our PP investors are 4 differents investing fund. That means 4 different DD that all come at the same valuation that is: jump in before it's too late! Here are the 4 investors.....Toronto, Ontario (May 29, 2015) – BitGold Inc. (TSX-V: XAU) ("BitGold" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by GMP Securities L.P. and including Clarus Securities Inc., Canaccord Genuity Inc. and Dundee Securities Ltd. (collectively, the “Underwriters”), which has agreed to purchase, on a bought deal basis, 5,000,000 common shares (the “Shares”) of the Company at a price of C$3.65 per Share, for aggregate gross proceeds of C$18,250,000 (the “Offering”)......... Good luck all and birdie, take a couple of days out of your cage, you'll probably find the world outside is a lot more interesting than living behind bars.