Post by
TheLandedEagles on Jun 14, 2024 1:26pm
Placement ...June 6th release on Upsize and Closing
Note , where the funds of the financing to be used for and the closing date expected for final closing of placement...JUNE 12th, 2024.
It appears, Not that much money left from the financing directly tied to SASB operating expenses required to restart production and remedy those water issues on those 5 gas wells. CEO had stated in his May 23th release it would be commenced in 2 phases and Mid June would be the start-up of operations for SASB and continue into all of July. Can't get my head around how SASB expenses will be covered during these months of June and July...and on-wards...Curious ??
https://www.stockwatch.com/News/Item/Z-C!TCF-3563463/C/TCF#:~:text=The%20use%20of,is%20fully%20subscribed.
Comment by
FishInTheWater on Jun 14, 2024 8:10pm
your curiosity is shortsided as you once again answered your own question. it's apparent from news releases that PP was to fund operational and marketing costs