It seems only 21M of the 35M shares offered in the CR were taken up so the 14M balance goes to the underwriters: Argonaut and Canaccord.
Not great, as these guys will presumably trickle all these back into the market for whatever they can get (at 22c or better) ...
Annoying, as others here have noted, if they'd been using the trial mining plant since they gained final approvals in mid Dec they may not have needed the CR at all. Or at least they may have been able to raise cash at a higher price ...
ABU Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
