RE:RE:RE:RE:RE:Private PlacementTo me, that seems like a very unlikely explanation, but far be it from me to say impossible.
They don't have to worry about funding down the road because they never have had any problem selling flow-through shares-I think always oversubscribed.
I think that more likely a bit of "sugar" for some friends and family. The fact that they put such a short fuse on the warrants (12 months) was probably designed to downplay how sweet the deal was,since normally such a short-term warrant wouldnt have much value. However, those of us who believe that a buy-out is cming soon would see it as having lots of value. That is on top of the fact that for just a couple of cents over the trading price of the stock, you get all the tax benefits. very SWEET!.