RE:News todaySmall financing but geez, we're doing nickel shares and 6 and 9 cent warrants on a company with a gold mine starting up in less than 8 months!
And what financing solution is still being sought? Don't they have most of the funds they need already from the previous agreements they announced earlier this year?
Before start up was 'prior to' April 2021, now it seems they're using April as the start up date. No chance of starting before then?
With all the time and cheap shares and delays, the 'holistic financing solution' better be great, and actually minimal to share dilution going forward!
"As previously announced, the Company is focused on minimizing large dilutionary raises until the closure of a holistic financing solution. The proceeds of the Offering will be used for general working capital purposes and progressing with the geology towards completion of the optimised mining plan and the April 2021 planned restart of the Otso Gold Mine"
"Again, the Company has sought to extend the payment date with a view to minimizing dilution as value is reestablished in advance of the financing solution being completed."