RE:Private Placement AnnouncedLet's hope the remaining financing will be debt and avoid further dilution.
I believe this is Jamie's intention,but time will tell.
This present release will dilute some but nothing major. 8m shares with warrants for an additional 4m shares exercisable over 36 months ad .75 cents with provision for an over allottment of 4m units totalling a potential 6m additional shares. In total we could see an additional 18m shares issued with up to six million acquired at .75 cents over a 36 month period. according to my calculations this would represent about a 20% dilution. If we can hold at this level we should be in great shape for the future.
GLTA