Ann: Acquisition of Canary Uranium Asset Athabasca Basin Canada, page-6

Also decided to sell on this acquisition after holding since IPO. A big loss but I expect this to move to 2.5c after 110 million new shares are released soon (almost double the original SOI). No uranium experience on the board as far as I can tell, definitely not the new CEO. Management managed to raise at a lower price than any other recent IPO's I've been following, some have even raised two or three times and no one is close to 2.5c. Management let the share price dwindle completely and used up almost all the 700k available after Mike left before raising which speaks volumes about their priorities.