Barkerville Gold Mns Ltd BGMZF

RE:RE:RE:What's another 11 million plus shares among friends??

[halcro]

The 9,375,000-share, proposed flow-through financing with the "strategic investor", if added to the 6.25-million flow-through announced on June 9, 2015, adds up to 15,625,000 shares.

halcro wrote:

pigbruinmcveid wrote:

halcro wrote: Was going to be 63,333,333 shiny, tiny new shares to settle the Sprott debt at 30 cents; now it's 74,885,900 shinier, tinier new shares to settle the debt at 26 cents.

That's a 13.4 per cent decrease in the strike price in just 30 days.

What went down so much to get the strike price down by 13.4 per cent?

I wonder how the recent PP participants feel about their deal at 32 cents (flow through)?

If they are anything like our pumpers they are probably happy as anything about the opportunity.

Its all good.  Since gold is going to $2,400 per a certain billionaire, its all good. Buy at 10 cents, at 26 cents, at 50 cents, at 85 cents, and even at $1.67... its all gravey...

To the moon Alice... just waiting for the $2,400 gold dream to come true...

Is the "strategic investor" Sprott's 2176423 Ontario Ltd?

And good to see some options which might end up in-the-money, LOL. The latest financials show 5.8 million options with an average exercise price of $1.10 (and 5.2 million options expired or were forfeited during the year ended February 28, 2015).

With the closing of the latest flow-through PP, BGM will have about 226.6 million shares out.

"...The company is also pleased to announce that it has entered into an agreement with a strategic investor, pursuant to which the company will issue an aggregate of 9,375,000 flow-through units at a price of 32 cents per flow-through unit for gross proceeds of $3-million. Each flow-through unit will consist of one common share of the company and one-half of one common share purchase warrant, with each whole warrant entitling the holder thereof to purchase a common share at an exercise price of 40 cents for a period of 18 months following the closing of the flow-through offering.

"...Lastly, the company has granted an aggregate of 9,631,161 options to purchase common shares of the company, exercisable at a price of 27 cents per share for a period of five years, to certain directors, officers, employees and consultants. The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.