RE:Possible Financing? or Just a simply correction? Correct. They cancelled the financing that was priced at .0375 per unit. They are currently financing by way of warrant exercises and option exercises which are priced more favorably. Check the insider action. There is no longer any rush to a Private Placement unless it was strategic money from a major perhaps.
Just a reminder, BAY's 20% in Storm is a full carry to a mining decision. Bay does not pay for any exploration so their burn rate is relatively low G & A unless they want to start exploration on Virginia properties.