Ann: $1.6M Institutional Placement, page-3

I’m content. Extra ~86m added to the register taking us to 900m SOI give or take before options so only 10% dilution. I can understand why DTers or STers may not be overly enthused but I’m playing the long game here so I’m happy to have an extra $1.6m in cash to keep the momentum going on their drilling campaigns. For the aggrieved holders out there, yes this is GNM’s 3rd CR in 2020 but this is actually better than had they raised the same quantum of capital in one go earlier in the year at a significantly lower SP. In doing it this way they have limited dilution significantly by raising smaller amounts at higher prices.

Between the options and potential revenue stream from processing of the heap leach pads I’m guessing this will be the last CR for a while.

Gltah