Providence Gold Mines Inc V.PHD

Another Financing!

[givemeabreak1]

This latest was flow-through so at least it will get spent on exploration most likely on a drill program.  That said, for a company with a zero nada single ounce of gold in the ground they are well over 1/4 billion shares fully diluted out there.  Would have to look back but got to be close to 50 million warrant around the .05 mark which pretty much caps any price rise unless they literally come across the mythic hidden river of gold!

[KozmoT]

Not to be picky Giveme but nowhere in that NR does it mention this being a flow-through financing (unless I missed it)  That means the money can go right back in their pockets.  Just have a look at the last "Related Party Transactions" ...  I tally over $200,000 right in their pockets.  If you subtract the "Geological costs" they paid to directors and

[KozmoD]

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[GoldInPeru8829]

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