AUinvestor on NR 10/6 from @AUinvestor on NR: Great!... thanks. What's not to like?
In essence, the Early Exercise Warrant Program is benefiting Tectonics directly (shareholders, indirectly) by attracting more cash, involving "key shareholders" (Crescat/Doyon), adding to the development of our future projects.
1) Incentivizing warrant holders... check!
2) Bringing in cash.... check!
3) Being accomplished with limited dilution (additional limited number of shares not significant enough to impact Tectonic's share structure considering the large number (16 million) of outstanding warrants.
4) Shareholder "significant" participation from Crescat and Doyon who are very unlikely to sell their existing shares, instead who are essentially locking in their positions.
5) Funds raised through this program to be used for "additional on-trend project opportunities" suggesting possible acquisition of new projects and/or expand its current ones.
6) And the one I like... Ongoing drilling activities to continue at the Flat Gold Project... and news related to their drilling activities is expected soon.
7) And of course, what we have already taken into consideration that the Flat Gold Project is similar to Snowline.
Now with a little help from a rising price of Gold, some pending good drill results, and Tectonic Metals should be off to the races! Or in very brief summary... Great!