GREY:ABGPF - Post by User
Post by
like2watchon Dec 16, 2017 12:39pm
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Post# 27171286
Westwater access to funds
Westwater access to funds
per westwater news release dated Sept 27, 2017
westwater is pleased to announce that it has entered into a common stock purchase agreement with Aspire Capital Fund, LLC. During the 30-month term of the agreement, Aspire Capital has committed to purchase, at the Company’s request, up to $22 million in the aggregate of Company’s common stock (or such lesser amount as the Company may determine), at prices based on the market price at the time of each sale.
Upon commencement of the agreement, the Company sold to Aspire Capital 1,428,571 shares at $1.40 per share for proceeds of $2,000,000.
$22 million commitment with Aspire less the $2 million sold to aspire Sept 2017 leaves
$20 million potential funds plus westwater working capital cash of $ 7 million
opinions please
looks like westwater has the funds to " Fasttrack " this project?