The board has a blank cheque to issue up to 30m shares at a discount of up to 20% from the average price of the 5 trading days prior to the issue. They have 3 months before this window closes. A TSX listing couldn't happen before August (3 months). They have indicated that they intend to pursue a raising in Canada/European markets. This is where Ian Stalker has the most experience and contacts, being a Director of a Toronto listed comany, Brazilian Gold. Having said that, nothing can be ruled in or out at this stage in terms of how the next 3 months pans out for us. So we can definitely not use the word "definitely" when speculating as to a final outcome here. I am assuming we take the TSX route, it is not a definite.
K2P Price at posting:
$2.10 Sentiment: Hold Disclosure: Held