First of all, kudos to both management and the PR department for putting out a slew of positive NRs. Everyone has been focused on the closure of the financing but if this keeps up, we'll have more than enough reasons to power forward. It's also becoming clear why this (as yet unknown) investor is looking forward to potentially getting 6.5M warrants with a strike price of $1.10. Fully expect the SP to be much higher by end 2022. GLTA
The Company is working expeditiously with subscribers and expects to close the Financing prior to November 20, 2020. Additional processing time was required beyond the Company's control. The TSX Venture Exchange has approved final closing for the Financing up to December 1, 2020.......
The Financing will consist of up to 6,500,000 units (each, a "Unit") at a price of $1.00 per Unit for gross proceeds of up to $6.5 million. Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder to acquire an additional common share at a price of $1.10 for a period of twenty-four (24) months from the closing date.