RE:RE:Another 150k up for saleI think the PP investors are unloading their shares at slightly below cost so as to recover their capital, while holding onto the free warrants to retain a stake in the upside:
TORONTO, Oct. 20, 2016 /CNW/ - Orefinders Resources Inc. ("Orefinders" or the "Company") (TSX.V: ORX) Orefinders Resources Inc. (the "Company") is pleased to announce it has received subscriptions for a non-brokered private placement of 3,112,145 units, at a price of $0.07 per unit, to raise proceeds of $217,850. Each unit consists of one common share and one-half of one share purchase warrant, each whole warrant entitling the holder to purchase one additional common share, at $0.10 per share, until October 21, 2018. The Company anticipates closing its private placement on October 21, 2016.