RE:News out! Oversubscribed financing closed! Drill Program!Flow-through at $0.08 (current price) and non flow-through at $0.053 (WHAT A NICE DISCOUNT...) + warrant at $0.08 (current price) lollll what a joke, HUGE dillution.......
"The flow through funding consisted of 2,550,000 flow through units ("FT Units"), priced at $0.08 each for gross proceeds of $204,000. Each FT Unit consists of one flow-through common share plus one warrant to purchase one non flow-through common share at $0.10 for five (5) years.
The non flow-through financing consisted of 28,134,073 units ("NFT Units") priced at $0.053 for gross proceeds of $1,491,105.87. Each NFT Unit consists of one common share plus one warrant to purchase an additional common share at $0.08 for five years, in addition, the Company also closed a second non-flow through financing consisted of 9,621,428 units ("NFT Units-B") priced at $0.07 for gross proceeds of $673,500. Each NFT-B Unit consists of one common share plus one warrant to purchase an additional common share at $0.10 for five years.
In addition, the Company settled outstanding indebtedness of $186,375 in exchange for common shares of the Company at a price of $0.07 per common share."