The Company raisedmoney using the Canadian flow through...

The Company raisedmoney using the Canadian flow through mechanism, which is available toCompanies that have particular exploration assets in Canada. As described inthe announcement, due to the tax benefits this regime provides, it allowscompanies to raise money at prices higher than would usually be possible. Accordingly, 92E was able to raise $8.7m though the issue of shares at anissue price which is the Canadian dollar equivalent of A$0.78c.

Following the issue ofthe shares, Canaccord arranged for those shares to be on-sold toinstitutional, sophisticated and professional investors (End Buyers). The priceat which the shares will be issued (ie A$0.78) is 1.5x the price at which theEnd Buyers will acquire the shares.

Can't be any whinging about big boys getting an advantage - plenty of 92E on sale right now!