I think this expalins the price drop...Barkerville grants 88.25-cent options, 100,000 RSUs 2017-06-30 18:46 ET - News Release
Mr. Chris Lodder reports
BARKERVILLE ANNOUNCES STOCK OPTION AND RSU GRANTS
Barkerville Gold Mines Ltd. has granted an aggregate of 1.65 million options to purchase common shares of the company exercisable at a price of 88.25 cents per share for a period of five years, to the newly appointed directors of the board and an employee of the company. The common shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant.
Additionally, the Company has granted 100,000 restricted share units ("RSUs") to an officer and director of the Company under the terms of the Company's restricted share unit plan (the "RSU Plan"). Each RSU entitles the holder to acquire one common share of the Company by delivering an exercise notice in accordance with the RSU Plan. The RSU grant follows the guidelines of the RSU Plan and are subject to approval by the TSX Venture Exchange.
About Barkerville Gold Mines Ltd.
The Company is focused on developing its extensive land package located in the historical Cariboo Mining District of central British Columbia. Barkerville's mineral tenures cover 2,110 square kilometres along a strike length of 67 kilometres which includes several past producing hard rock mines of the historic Barkerville Gold Mining Camp near the town of Wells, British Columbia. The QR Project, located approximately 110 kilometres by highway and all weather road from Wells was acquired by Barkerville in 2010 and boasts a fully permitted 900 tonne/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Company has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.
Cheers, CT