Welcome to October
We're kinda back to where we were: waiting on financing.
Of the US$105 million Sabina is required to raise, at an exchange rate of 1.27 would compute to Cdn$133.35. Zhaojin came through with $13.13 million to maintain their 9.9%, leaving a balance required of Cdn$120.22. If one adds on 5% to account for commissions, Sabina still has to raise Cdn$126.23 million. So, close to 100 million new shares if sold at $1.30 per share.
New investors might decide they should be rewarded with half a warrant, better inducement to sit patiently like a muskox throughout several Arctic winters waiting for something to happen.