OTCPK:ELBSF - Post by User
Comment by
upside80on Mar 22, 2018 9:35am
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Post# 27759871
RE:Paper
RE:PaperThanks for this Jimmy, that explains it!
I was pretty annoyed when I sold at .16 and this ran into the 20's, now it seems it might be time to buy back in soon.
"The Company is pleased to advise that it expects to close on subscriptions for 64,000,000 units for gross proceeds of $3.2 million on a private placement basis at a subscription price of $0.05 per unit on November 20, 2017. Each unit is comprised of one common share and one-half of one warrant exercisable at a price of $0.07 per share for a period of 24 months from closing."
Lots of shares up for sale, looks like entry between 0.07 and 0.09 is reasonable.