Not sure we are running short of cash right now.
ICG had $4.2 million at end of March. The projected outgoings were $1.2 for the quarter ending June. All going to plan ICG would have approx $3 million in reserves as of now.
Now add the $250,000
My expectations is that the company will raise more funds in the Sept / Dec quarter , as they do not have enough funds to complete the full drill program.
Ann: Share Placement, page-23
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