RE:Non-brokered private placement of common sharesIf it were to be for a drilling program they would have been flow-through shares, like the January offer.
In the recent news release it's stated that the ...
"... Company intends to use the net proceeds of the Offering for general corporate purposes, including to fund the continued ramp-up of mining operations at Keno Hill."
They had about 14 Million in cash and receivables at the end of the year, so seem to need it for operating cash.
"Was the 400 TPD achieved using stockpiled material?"
It doesn't matter - the 400 rate during the 4th Quarter was just achieved, for how long we don't know, but it sounds like brief tests.
"There could be gains in revenue by increasing capacity (additional mill)?"
The original throughput capacity was 250, they thought it sufficient to upgrade it to design capacity of 400 and 'the delivery of ore from underground is the key driver for increasing production levels.'