Now l understand why they kept the share price hovering around the 22-24.5. A FTS premium of 30% was always on the card or agreed upon for the $50 raised. A flow throw raise is advantageous for mining companies in Canada (in contrast to other’s opinions) as it significantly minimises the dilution of issued share.
look at what happened to Winsome when they did their $6.7m raised at FTR $1.67 per share on 15 Nov, when their share were trading at 87c. 4 months later they are trading at $2.2. Winsome went on to do another $60m FTR @$4 per share.
The FTR highlights the fact that the Canadian government are fully onboard and supportive of “ENERGY TRANSITIONING”
Ann: Trading Halt, page-256
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