Canaccord - ATM equity programTechnical rebound today. PLI was oversold after tax loss season. However, the SP is not going anywhere with shares likely being sold on open market to pay the bills.
Canaccord, PLI agent for the ATM equity program, net seller of > 500 K shares today on TSX alone. Refer to the below extract of the Nov 28 NR. You need to sell a lot of shares at 0.35$ to get 50 M$... GLTA
"Today, Prometic announces the closing of one such initiative by entering into an At-The-Market ("ATM") equity distribution agreement (the "Equity Agreement") with Canaccord Genuity Corp. acting as agent (the "Agent"). The ATM program allows the Corporation, at its sole discretion, subject to the conditions set forth in the Equity Agreement, to issue small tranches of common shares from treasury, at prevailing prices and in appropriate market conditions with an aggregate gross sales amount of up to $50 million over the course of the next 16 months."