RE:What will this mean, is this a directed share issue?A bought deal means Mason just issued a whole bunch of new shares and sold them all to National Bank. National Bank then offers them to their Investment Advisors who will then be able to sell the shares to their clients. So National Bank's investment banking arm makes money by brokering the deal, and their Investment Advisors make a commission for selling the shares to their clients. National Bank is also one of the only institutions that covers Mason, and surprise surprise they have a buy rating on the stock. But yes, in general this means that current shareholders are being diluted, and it also means we're being biluted at a $2.40 share price, which means we will probably trade down closer to that mark sometime today. So current shareholders get smacked twice on this one. As I said before, this is total garbage for existing shareholders. Seriously though, when companies need to raise cash, why the $hit don't they issues a rights offering so that existing shareholders have the right to not get diluted? I totally disagree with this bought deal.