RFR 0.00% 3.7¢ rafaella resources ltd.

Ann: Rafaella Completes circa $1.2m Private Placement, page-2

  1. 1,799 Posts.
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    That’s a pretty good outcome for shareholders. No broker fees, no options to entice sophs and an appropriate discount. Very do-able given the amount raised but can be tricky this time of year. That also explains why I couldn’t get a term sheet!

    Now that we know the amount we can possibly assume that the balance of the required capex will be debt.
 
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