The placement termsApparently an insider has replaced his free trading shares with flow through. That gives him a tax break with the flow through and gives him warrants he didn't used to have.
Nice work if you can get it.
On another front, the purchase price is the same as the previous one, although historically flow through shares come at a higher price due to the 100% tax deductable nature of flow through. So in effect this shares are far cheaper than the previous placement. Although the warrants went from .075 to .10 cents.
Also convenient that this occurred just before the last placement becomes free trading in two weeks. I think they are factoring in that the share price might go down to .04 cents once the free trading hits the open market.