Dynamic Technologies Group Inc - Class A ERILF

It Gets Better

[IlluminatiNWO]

This is interesting. During the conference call it was identified that the cost overruns were identified about half way through the 4th quarter. Yet the decision was still made to do this:
Empire Industries Ltd. Closes $950,000 Private Placement WINNIPEG, Manitoba, Dec. 18, 2017 (GLOBE NEWSWIRE) -- Empire Industries Ltd. (Empire or the Company) (TSX-V:EIL) is pleased to announce that it has closed the private placement announced on November 29, 2017, being a non-brokered private placement financing of 1,900,000 common shares in the capital of the Company (Shares) at a price of $0.50 per Share for gross proceeds to the Company of $950,000 (the Offering). This private placement was conducted because during Empires recent rights offering process, Empire was approached by some investors who hoped to participate in the rights offering through transfers of rights. Unfortunately, they were not able to complete the rights transfer process in time to participate. Because the rights offering was not fully subscribed, Empire decided to allow these investors to participate via this private placement. All Shares issued as part of the Offering are subject to a four month and one day hold period. The Company intends to use the proceeds of the Offering for general corporate and administrative purposes.