RE:Flow through undersubscribedTotally impressive.
Enough to pay salaries for a full year. Can probable even rehire that snow shoveling person and maybe a few of the old IR crew. All good for the BC economy...
But what good does this PP do for shareholders?
What would it cost to do a real FS on bonanza or even a scoping study on Cow Mountain?
Nope, more drilling, is the order of the day... get NRs on great intercepts and hope for a gold price recovery.... and no doubt gold price will recover some day but really I doubt that day will be in 2016....
of course some of the BGM holders believe that gold went $2,400 years ago... but oh, yes, that is probably the same fellow that made the Forbes billionaire drop off list...
halcro wrote: Offering was for 12.5 million shares @ 32 cents for $4 million.
Actual was 11 million shares. Undersubscribed by 12 per cent. Still a pretty good sales job by Sprott, IMO.
Watch the share price tumble now that the PP punters are locked in?
Barkerville Gold Mines Ltd. intends to complete a private placement offering of up to 12.5 million flow-through units at a price of 32 cents per flow-through unit for gross proceeds of up $4-million
The company also announces that, further to its press release of Dec. 2, 2015, it has completed a private placement of 11 million flow-through units at a price of 32 cents per flow-through unit, for gross proceeds of $3.52-million