RE:RE:News: Trueclaim Exploration 1:10 share rollbackNew financing -
Trueclaim Exploration Inc. has arranged a non-brokered private placement of up to 20 million units, priced at 10 cents per unit, for total gross proceeds of up to $2-million. Each unit consists of one common share and one common share purchase warrant of the company. Each warrant is exercisable at 15 cents for 18 months from closing. The units will be subject to a four-month hold period, and the private placement is subject to TSX Venture Exchange approval. Proceeds from this financing will be used by the company for general corporate purposes.
3.3 million shares outstanding and they will be issuing up to 20 milllion shares and 20 million warrants.
The dilution rate is insane...but it is basically a full reset. All old shares are washed out and new shares take over.
now....if they can get into bitcoin/blockchain/magnesium/lithium/weed ....insane amount of speculators will buy in.
Watching
EKIM