RE:RE:RE:RE:RE:Bought Deal Financing @ C$1.77Also, the one positive out of this deal maybe, is that Cnc can not deal in a position of power with no money in the bank. This injection buys them time and not have to give the project away for a longer time perid.
Being broke brings desperate measures, so better do it now.
Either ways, a P.P was coming in the future so hopefully $1.77 is better than $1.25 later. We are talking only 7.4 million shares plus and 1.7 Flow throughs at $2.86 after all.
I agree with Endzone also that the P.P might already be spoken for big the big guys.
After all, Cnc is supposed to have the brains on their team now to do what is best for the company.
Let`s hope they were right in signing off on this P.P
Glta