RE:Another Financing!Not to be picky Giveme but nowhere in that NR does it mention this being a flow-through financing (unless I missed it) That means the money can go right back in their pockets. Just have a look at the last "Related Party Transactions" ... I tally over $200,000 right in their pockets. If you subtract the "Geological costs" they paid to directors and officers that comes out to MORE THAN THEY SPENT ON ACTUAL EXPLORATION !!!!!
I kid you not.
During the period ended September 30, 2021 and 2020, the Company incurred:
- accounting fees of $45,000 (2020 - $43,750) and corporate services of $9,405 (2020 - $10,023) to an accounting firm of which an officer of the Company is a partner.
- consulting fees of $63,000 (2020 - $65,000) to a director of the Company.
- management fees of $36,000 (2020 - $36,000) to a director of the Company.
- geological costs of $72,000 (2020 - $76,340) capitalized as exploration costs. The amounts were paid to directors and officers of the Company.
- share-based payments of $10,200 (2020 - $99,246) for its key management personnel.