Serra Energy Metals Corp C.SEEM

Placement

[HillsboroughMan]

That 5 million these days for Eric is not as easy to come up with as it was 2 years ago. He's bought into a lot of names and is certainly more selective now. Furtheremore, he probably has a deeper insight than you and me about what those next results will look like. Eric did the math.

[megacopper]

  Why are guys paying $1.50 for this when the placement is down at $1. Doesn't it have to be within a certain percentage price wise of the placement price under the SEC regulations to get the financing closed? Or was I misinformed? I didn't think the SEC would accept a financing at a $1 if the price of the stock was say $1.50

[Warlockkk]

First and foremost, PPs and financing are not my strong suit, having said that, this financing looks very different than most. It's strictly a cash deal $8million for 8million shares, No warrants attached. I believe it's a good deal for all. we retail guys/gals don't have to worry about a ton of paper coming down the pipe in the future.

[AlwaysLong683]

I agree with Warlock. 1) If you look at recent financings done by some of the Newfoundland junior exploration stocks, the purchase price is not only at a discount, but they are sold on a "per unit" basis, with each unit consisting of one share and either 1/2 or 1 full warrant: LAB Press Releases dated: April 19, 2021 (+ 1/2 warrant) May 19, 2021 (+ 1/2 warrant) NFLD Press Releases

[paydirtontario]

Thank you alwayslong  What an amazing couple holes to start this whole thing off. Off the charts big  all the best guys 

[ronreagan]

Do we know whether the PP was signed off on when the price of the stock was BELOW $1.00? If so, then it would have been beneficial to shareholders. Keep in mind, whenever Sprott does anything people are watching and the price of a stock will ESCALATE immediately. Would we expect the announcement to be made first, then the stock goes up, and THEN Sprott has to buy at THAT higher escalated price

[AlwaysLong683]

Why are guys paying $1.50 for this when the placement is down at $1. Doesn't it have to be within a certain percentage price wise of the placement price under the SEC regulations to get the financing closed? Or was I misinformed? I didn't think the SEC would accept a financing at a $1 if the price of the stock was say $1.50 [/quote] mega, the SEC is an American regulator. Canada's