$2.2m in cash atm
$2.0m in shares of Coronet
$2.0m via placement after GM
US$3.75m cash held in escrow held in trust pending certificate
US$1.5m to be paid within 5 days of construction (Coronet)
US1.0m paid if JORC exceeds 275,000 oz
US2.0m paid within 12 months of initial gold pour
US$2.0m paid within 24 months of initial gold pour
US2.5m paid on 250,000 ounces of gold being defined within the Paron Deeps exploration target
1.0% royalty
423m shares on offer post GM:
market cap: $17.5m @ 4.2c, EV too small IMO.
$2.2m in cash atm$2.0m in shares of Coronet$2.0m via placement...
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