Ann: Part Underwriting of Options, page-4

IMO this is extremely significant on two main levels.

Firstly, Argonaut capital has done some very significant raising's over the past few years, a quick search of their website and subsequent market performance will show this. They wouldn't back them with ~$2M if they hadnt done their homework.

Secondly, this funds the company well into 2017 (I haven't looked at current outgoings but I was assured by the company when I spoke them 2 weeks ago that they were well funded) so this just adds to that cash position.

2017 is looking good for MZN.