RE:60,000,000 more sharesThe TSX has new rules for that type of Private Placement. Each actual shareholder can participate in the financing. The TSX put that rule in place to protect little investors from dilution. For example, if you have 0,1% of the company and you buy 0,1% of the Private Placement, you still have 0,1% of the company.
Each shareholder can call at the office and be part of this private placement.