Monday, November 2, 2009

Door still open for the "Investor" to take down some of the remaining $2.7M FT bridge financing?

The wording gives me that impression. Perhaps an associate or affiliate of the group has a need for Canadian tax benefits.

From today's NR: "Together with previously acquired securities, following closing of the Private Placement, assuming full subscription of the $21,000,000 and excluding any flow-through shares purchased by the Investor pursuant to the Flow-Through Financing, the Investor, together with its associates and affiliates, will hold 112,142,857 Common Shares (164,642,857 Common Shares assuming exercise of its warrants) representing approximately 33.9% of the issued and outstanding Common Shares (42.9% assuming exercise of its warrants)."

No comments: