RE:Closes upsized financing for $1.6 million:The proceeds from the pp and the exercising of all warrants will put almost $3M in the company's treasury. Seems to me that this pp may very well be qmx's last. I mean if drilling results continue to be consistently stellar then I would speculate the company will likely be bought out before another pp is necessary. So we'll see what happens. Jmvho. goldopp