Quick thumbnail sketch TSX listed Stone Resources will provide funds @ 2.5 cents per share to be issued 89.7m shares. Also will provide $12m redeemable convertible note. Conversion option within 12 months 3.5 cents per share. Conversion option then becomes 6 cents per share. Note to be repaid in 2 years. There will also be an SPP $2.5m @ 2.5 cents per share for existing shareholders. You can read the rest. I am surprised that under the circumstances they have pulled this off. Good luck all.
AAM Price at posting:
3.0¢ Sentiment: None Disclosure: Not Held
