Very Modest Program Roughly half of $1.2 million raised will go for exploration and the balance of $676,000 for working capital and bills.
Chuck has subscribed for $990,000 and his director took down $10,000.
It would appear Chuck is continuing to extend a lifeline to keep the lights on. Stock is treading water. The Yukon Cantex exploration has been ongoing for a decade. Chad wrote a paper in 2012 targeting gold following ATAC's Rackla discovery. Cantex didn't find any gold but zinc and lead that morphed into Germanium. ATAC has accepted a takeover for little to nothing. The initial approval for the access road to ATAC Rackla discovery has been rescinded by the Yukon Govt by First Nation invoking their territorial land rights.
Chad also said at the AGM that there is a 50 meter thick hard rock to the deposit. The stock got hammered down from $7.00 due to disappointing results.