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Bullboard - Stock Discussion Forum Tamerlane Ventures Inc. V.TAM

TSXV:TAM - Post Discussion

View:
Post by loparn on Feb 02, 2011 12:49pm

Anonymous

...has done som strange selling the last few days at extremely low stock price, very strange considering current metal prices and the fine economics of the Pine Point project...

Could it be related to the Dec 2010 bridge financing ? I guess so.
Comment by loparn on Feb 02, 2011 1:25pm
But the Dec PM stated :"The upfront fee payable by the Company on closing of the bridge loan includes the issuance of 500,000 shares to the lender. An additional 500,000 shares will be payable to the lender if the Company fully draws down the stand-by facility. The Company will also pay a finder's fee equal to 2% of the amounts drawn down on either facility. This fee will be a non-cash ...more  
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