RE:It‘s my understanding thatHi granton75,
This PP is actually for $0.10 from what I understood in the NR, so don't think that rule would apply. I don't know.
Also, as per the NR, "The closing of the offering is subject to the final approval of the TSX Venture Exchange.".....so even if they fvked up, this would not be approved....
It looks like they followed the rules.
Anyway, as I posted earlier... to me, "this sounds juicy!!!"
granton75 wrote: On the venture exchange a company can only do one PP under 10 cents, so if that's the case why did the company raise so little? I can only see 2 possible scenarios 1. They have something cooking and that's all the capital they require to hold them over, or 2. They made a huge fuk up and in a few months from now they will need to do another stock consolidation to get the SP over 10 cents again to do another PP. THOUGHTS ??????