Placement questions"Pacific Ridge plans to issue up to 9,400,000 units ("Units") at a price of $0.08 per Unit and 6,300,000 flow-through units ("FT Units") at a price of $0.095 per FT Unit in a non-brokered private placement for gross proceeds of up to $1,350,500 (the "Financing"). "
The question everyone would logicially ask today is did management fail to do a better financing earlier, as in right after the last set of promising drill results in early January that demonstrated an expanded mineralized footprint and possibly higher grades deeper, or is this the best deal they could get under current market conditions?