Significant PPThis placement is significant for a number of reasons...
The amount, obviously. Yes $6,000,000 means dilution (more on that) but think of the two projects and results from those two projects. BBB will have a crazy amount of funds that will finance steady exploration on Thorn and Atlin for some time to come. Of course, that steady exploration will be bringing a steady stream of results, anticipation, speculation and price appreciation hopefully over that's time.
Also, the fact that it's fully subscribed, given the amount, means that large players with substantial interest (and funds) are taking a stake/maintaining their interest. They've got confidence that their investment will see a return...remember they're insiders! I suspect we'll see some of the same names stepping up that already have stakes...ROb McEwen, Hecla Mining, Eric Sprott, Pan American Silver, etc.
So, ya there's dilution (all part of the game), but those insiders will probably maintain their interests at about 40%, keeping the "free trading float" still relatively low.
All in all, I continue to be impressed, and am looking forward to the ramped up exploration (on both B.C. Properties) and the inevitable steady news flow to follow.