placement at .11 for 7mil shares, page-26

If you want to know the history behind the placements.. go back to a thread I started a few weeks back called 'a necessary evil'.

These placements historically have been at 3-6c.. the last one was around 7c.. and now 11c.. and any subsequent placement will be 15c+

These placements are necessary as GDN require cash to continue their para #2 operations. The fact GDN heads are rising.. means the required placements are less dilutive.. which is good news for us all!

But again these have been approved.. and its good to see they are not handing out free options anymore.. as it looks like they are going to be heavily in the money real soon.

Another positive is that GDN are able to raise these funds at such tough market conditions in the US.. where cash is hard to come by.. GDN is easily tapping into it... goes to show the potential GDN has.. so just enjoy the ride up =)