Something Wrong Here!.25 pp and an insider dumping shares between .16 and .10
Could be bad blood in the company and Jose selling at these cheap price but unlikely
Only 2 people bought into the pp as you can see from todays news - probably shares for debt and no cash was actually put into it - gives the impression that someone paid .25 a share when they didn't - cheque swap they call it - not looking good - be careful here
NRG Metals two-million-share private placement
2018-10-25 18:08 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 14, 2018.
Number of shares: two million shares
Purchase price: 25 cents per share
Warrants: two million share purchase warrants to purchase two million shares
Warrant initial exercise price: 40 cents
Warrant term to expiry: two years
Number of placees: two placees
Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.