FinancingMaybe I am missing something but not sure how this news is a bad thing. They obtained a significant amount of financing at a reasonable interest rate of 6%. And the debt is convertible at a share price of $2.45. If the stock price stays where it is, conversion will not be attractive. If the stock price goes above $2.45, we are all happy as the stock price will have appreciated from its current level and the debt will come of the books.
I suspect this money will be used to fund the construction of the Lot 16 project which is again a good thing.
AND, they specifically mention an uplisting to the TSX, again a good thing.
If I am completely out to lunch and this is bad news, perhaps someone can explain why.