Ann: Funding Agreement, page-30

They'd better produce some decent drill results, pronto.

If they can get the SP up based on project potential, this latest financing will be regarded as a shrewd move. If not, then its the beginning of the usual dilution death-spiral for small explorers....at least there isn't too much volume going through yet, and the new "partner" doesnt have stock to dump onto market for a quick profit.

Not encouraging reading that SMH article on HC's spruiking activities with small caps, as it seems having HC send out emails promoting a company's prospects is basically the kiss of death.