New Financinghttps://www.newrangegold.com/news/news-releases/2021/newrange-drilling-expands-mineral-footprint-at-pamlico-6/
Someone please check my maths, I figure if all goes to plan and the units are exercised at 25¢ NRG will issue 40m shares, raising $7.5m, a tidy sum. Average price is 18.75¢ per share.
No of shares fully diluted at Feb 28-21 was 136m so 40m represents a dilution of 29%.
NRG has roughly access to $2m in the Treasury at the moment, and there will be an imediate cash injection of $3m. Plus $4.5m if NRG sp goes over 25¢
Seeing as NRG has doubled the size of the property, and is looking at scale, there is all to play for, with sufficient funding.