RE:Please explainI found this article explaining.. Advantages of a shelf prospectus for junior mining and oil & gas companies WITH A SHELF PROSPECTUS YOU ARE READY TO ACT WHEN THE MARKET IS FAVOURABLE: WHY EVERY JUNIOR MINING AND OIL & GAS COMPANY SHOULD FILE A SHELF PROSPECTUS. 2-28-2018 BY PILOT LAW LLP Shelf Prospectus Seven business days from deal announcement to cash in the bank. On February 13, 2018, our client eCobalt Solutions Inc. announced a $26 million bought deal financing, with a 15% over-allotment option. The financing closed on February 23, with the over-allotment option being exercised by the underwriters in full, resulting in gross proceeds to eCobalt of $29.9 million. With a shelf prospectus in hand, eCobalt was ready to act: Seven business days from deal announcement to cash in the bank. Exploration and development stage mining and oil & gas companies generally finance operations through securities issuances until they become cash flow positive. However, in volatile markets financing windows can open and close rapidly, so timing is crucial. The quicker the market can be accessed, the less the risk. Speedy access to capital is where a shelf prospectus offers one of its biggest advantages. What is a Shelf Prospectus? A shelf prospectus is a short form prospectus that permits companies to offer, from time to time over a 25-month period, up to a maximum aggregate dollar value of one or more types of securities (including preferred shares, common shares and/or debt securities). The base shelf prospectus contains, or incorporates by reference, disclosure not specific to a particular offering of securities (i.e., it omits so-called shelf information). When a company decides to access the market by offering securities, a brief prospectus supplement disclosing the shelf information, including the specific terms of the securities being offered, is incorporated by reference into the base shelf prospectus and provided to investors. The base shelf prospectus will state the maximum dollar amount and types of securities which can be issued over the relevant 25-month period. Both the maximum dollar value amount and the types of securities qualified by the base shelf prospectus can be set at the discretion of the company. Exploration and development stage mining and oil & gas companies generally finance operations through securities issuances until they become cash flow positive. However, in volatile markets financing windows can open and close rapidly, so timing is crucial. The quicker the market can be accessed, the less the risk. Speedy access to capital is where a shelf prospectus offers one of its biggest advantages.