RE:RE:US$10 million Private Placement with US Strategic Investor Falcon had said that they were funded for the 2022 work program so this is a bit disappointing. However, if I understand the release correctly- Sheffield Holdings approached them, offering a share price slightly higher than the current trading price with a little cash thrown in to reduce the ORRI due to the TOG Group.
let's hope Sheffield's track record for picking winners holds true. Besides, when you're already sitting at one billion in outstanding shares what's another 100 million really mean......still worth the bet!